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Btcusdshort

Bitcoin Faces Rejection at Resistance: Short-Term Downsidehello guys. Failed Breakout: Bitcoin attempted to break above the resistance zone around $69,400–$69,600 but was unable to sustain the move, indicating a potential lack of buying strength at these levels. Broken Trendline: The price has already broken below a key ascending trendline, reinforcing the bearish bias in the short term. Bearish Zone: The shaded pink area represents a strong resistance zone, which Bitcoin struggled to overcome. Sellers defended this zone effectively. Potential Downside Target: With the rejection at resistance, the price may head toward the support area around $67,963–$67,934, as indicated by the green zone. Lower High Formation: The lower high structure suggests that the trend could continue downward if the current pattern holds.
Short
by melikatrader94
12
BTCUSD-Bullish Truncation?Greetings everyone, I am curious if we are seeing a Bullish Truncation. Sometimes, a fifth wave can be weak and end without reaching the end of the third wave. A situation like this is called a 'truncation,' which we could face at the fifth wave of an impulse or ending diagonal. It's pretty rare, if even possible, to have a truncation in a position of the fifth wave of a leading diagonal. Usually, a truncation happens after a powerful third wave. Please feel free to share any of your critiques. All I ask is that you are respectful. Thank #ent601 #yvyc
INDEX:BTCUSDShort
by YvYc_Always
BTC FALLINGIs Now the Right Time to Sell Bitcoin? As Bitcoin continues to experience significant volatility, many investors are wondering if now is the moment to cash in on their holdings. While Bitcoin has delivered impressive gains for early adopters, the unpredictable nature of the cryptocurrency market presents both risks and opportunities. Selling Bitcoin at current levels could allow investors to lock in profits, diversify portfolios, and reinvest in more stable assets. Market analysts point to increased regulatory scrutiny, fluctuating investor sentiment, and macroeconomic conditions as factors that could impact Bitcoin’s future price trajectory. For those looking to reduce exposure to risk, selling BTC now can offer a strategic exit while prices remain elevated. Ultimately, the decision to sell Bitcoin depends on individual financial goals and risk tolerance. However, with the market’s inherent unpredictability, acting sooner rather than later could provide a chance to capitalize on gains and explore other high-potential investments.
BITSTAMP:BTCUSDShort
by edl75
Bitcoin Bears Strike! Key Short Entry with Multiple Targets Set!BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis: In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade. Key Levels: Entry: $67,607.9 Stop Loss (SL): $68,227.5 Trailing Stop: $67,676 Target 1 (TP1): $66,842 (First target) Target 2 (TP2): $65,602.6 Target 3 (TP3): $64,363.3 Target 4 (TP4): $63,597.4 Observations: The price broke below the Risological dotted trendline, indicating bearish momentum. Trailing stop at $67,676 is in place to secure profits as the price moves lower. Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
Short
by ProfitsNinja
Sell BTC/USDT Wedge BreakoutThe BTC/USDT pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge Pattern pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 67600, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 64756 2nd Support – 63264 Stop-Loss: To manage risk, place a stop-loss order above 69940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
3