$BTC /USDT TECHNICAL ANALYSIS: BEARISH CONTINUATION
$BTC /USDT is showing signs of bearish pressure after failing to sustain above key resistance levels. The price is trading below the short-term EMA and MA, indicating downward momentum. MACD signals a bearish crossover, and Bollinger Bands suggest potential further downside. Key support zones are being tested, increasing the likelihood of a continuation move lower.
Trade Setup:
Short Entry: Below 90,800
Target 1 (TP1): 89,500
Target 2 (TP2): 88,500
Stop Loss (SL): 91,500
Risk Management: Risk per trade should not exceed 2% of total capital. Monitor support levels closely and adjust SL to protect profits if reversal signals appear.
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BTCUSDT
Perp
89,974.5
-1.25%