🔹 Entry Zone: $93,000 - $95,000
🔹 Trend: Bearish Correction
🔹 Target: $75,000
🔹 Stop-Loss: Above $97,000
Bitcoin has seen an extended bullish rally, but signs of exhaustion are emerging. We are looking for a short position in the $93,000 - $95,000 zone, expecting a pullback toward $75,000 in the coming weeks.
🔍 Technical Analysis:
✅ Overbought Conditions: RSI and other indicators suggest a cooling-off period.
✅ Key Resistance: $93,000 - $95,000
✅ Fibonacci Levels: Potential retracement aligns with support near $75,000.
✅ Liquidity Grab: Price may test liquidity above before a strong drop.
This trade follows a sell on strength approach. If Bitcoin breaks above $97,000, the bearish setup will be invalidated.
📉 Patience is key—watch for confirmations before entering the short!
#Bitcoin #BTCUSD #CryptoTrading #ShortTrade #TechnicalAnalysis
🔹 Trend: Bearish Correction
🔹 Target: $75,000
🔹 Stop-Loss: Above $97,000
Bitcoin has seen an extended bullish rally, but signs of exhaustion are emerging. We are looking for a short position in the $93,000 - $95,000 zone, expecting a pullback toward $75,000 in the coming weeks.
🔍 Technical Analysis:
✅ Overbought Conditions: RSI and other indicators suggest a cooling-off period.
✅ Key Resistance: $93,000 - $95,000
✅ Fibonacci Levels: Potential retracement aligns with support near $75,000.
✅ Liquidity Grab: Price may test liquidity above before a strong drop.
This trade follows a sell on strength approach. If Bitcoin breaks above $97,000, the bearish setup will be invalidated.
📉 Patience is key—watch for confirmations before entering the short!
#Bitcoin #BTCUSD #CryptoTrading #ShortTrade #TechnicalAnalysis
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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.