Analysis Context: This trade idea is tailored for the highly liquid BTC/USDT pair, commonly traded on platforms like Binance (Spot or Perpetual Futures).
Bitcoin $BTC is exhibiting clear signs of weakness following a firm rejection at the overhead resistance level, which is currently near $94,652. The price is now trading beneath the intermediate mid-range zone. If the observed bearish momentum continues to build, we anticipate a decisive move down toward key lower support areas.
This market view is structurally supported by the recent rejection of overhead resistance and the technical breakdown of the underlying trendline support structure.
Parameter,Value,Order Type/Note
Trading Pair,BTC/USDT,Most common pair on Binance.
Entry Zone (Sell),"Around $92,218 โ $92,329",Execute a Limit Order to enter your short position.
Invalidation Level (Stop Loss),"Above $94,652",Place your Stop-Loss Order just above this critical resistance.
Profit Targets (Take Profit Levels)
The following lower support levels are the defined targets for taking profits on a short position:
Target 1: $90,028 (First point to secure partial profits)
Target 2: $88,297
Target 3: $86,513 (Final target for the full move)
โ ๏ธ DISCLAIMER: I AM NOT A FINANCIAL ADVISOR. THIS IS FOR EDUCATIONAL PURPOSES ONLY. Always prioritize robust Risk Management and appropriate Position Sizing when trading on Binance or any other exchange. Never risk more capital than you can afford to lose.
Would you like to explore how you might set a Stop-Limit or an OCO (One Cancels the Other) order on Binance to execute this specific trade plan?$BTC
