Selling Bitcoin at 
98K with take-profit (TP) levels at $95K, $90K, and $85K is a short strategy based on expected price declines. Here’s an analysis of potential outcomes:
Market Outlook
1. Key Resistance & Support:
Resistance: Around $100K, where Bitcoin has struggled to break higher.
Support Levels:
$95K: Minor support; a break could lead to further declines.
$90K: Stronger support; breaking below may signal a deeper correction.
$85K: A critical level; if broken, Bitcoin could turn more bearish.
2. Indicators to Watch:
RSI & MACD: If overbought, a correction is likely.
Volume Analysis: A drop below $95K with high volume strengthens the bearish case.
News & Sentiment: Any negative news (regulations, ETF outflows) could accelerate the drop.
Trade Considerations
Stop-Loss: Consider placing a stop-loss above $100K to limit risk.
Partial Exits: Taking profits at each TP level can secure gains while riding further drops.
Reversal Risks: If Bitcoin finds support at $95K or $90K, it might bounce back toward $100K.
Would you like a more detailed technical analysis?
98K with take-profit (TP) levels at $95K, $90K, and $85K is a short strategy based on expected price declines. Here’s an analysis of potential outcomes:Market Outlook
1. Key Resistance & Support:
Resistance: Around $100K, where Bitcoin has struggled to break higher.
Support Levels:
$95K: Minor support; a break could lead to further declines.
$90K: Stronger support; breaking below may signal a deeper correction.
$85K: A critical level; if broken, Bitcoin could turn more bearish.
2. Indicators to Watch:
RSI & MACD: If overbought, a correction is likely.
Volume Analysis: A drop below $95K with high volume strengthens the bearish case.
News & Sentiment: Any negative news (regulations, ETF outflows) could accelerate the drop.
Trade Considerations
Stop-Loss: Consider placing a stop-loss above $100K to limit risk.
Partial Exits: Taking profits at each TP level can secure gains while riding further drops.
Reversal Risks: If Bitcoin finds support at $95K or $90K, it might bounce back toward $100K.
Would you like a more detailed technical analysis?
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.