Clear Downtrend: BTC has dropped sharply from the 83,000 USD zone and is currently trading around 81,891 USD. The trend remains bearish as the price is below the 33 EMA.
Key Resistance Levels: The nearest resistance levels are at 82,568 USD and 83,077 USD, which could act as barriers if BTC attempts to recover.
Short Entry Zone:
Entry Point: 81,900 - 82,100 USD (upper boundary of the short-term range).
Stop Loss: Above 83,100 USD (to avoid getting stopped out by volatility).
Take Profit: Key support zone at 78,471 USD - 77,430 USD.
🔹 Trading Recommendation:
If BTC fails to break above 82,000 - 82,100 USD, a short position can be initiated with a target near 78,000 USD.
If BTC breaks and closes above 83,100 USD, the short strategy is invalid, and exiting the position is recommended.
🚨 Note: BTC is highly volatile, so strict risk management is essentia
Key Resistance Levels: The nearest resistance levels are at 82,568 USD and 83,077 USD, which could act as barriers if BTC attempts to recover.
Short Entry Zone:
Entry Point: 81,900 - 82,100 USD (upper boundary of the short-term range).
Stop Loss: Above 83,100 USD (to avoid getting stopped out by volatility).
Take Profit: Key support zone at 78,471 USD - 77,430 USD.
🔹 Trading Recommendation:
If BTC fails to break above 82,000 - 82,100 USD, a short position can be initiated with a target near 78,000 USD.
If BTC breaks and closes above 83,100 USD, the short strategy is invalid, and exiting the position is recommended.
🚨 Note: BTC is highly volatile, so strict risk management is essentia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.