BTC TRADE

7 lut

Bitcoin (BTC/USD) Short Trade Analysis

Bitcoin (BTC) is currently in a bullish trend, but a potential short-term pullback, is expected from the $96,556 level, with a downside target near $94,236.

#Technical Analysis:
1. Trend & Price Action:
- BTC is trading in an overall uptrend, but signs of exhaustion suggest a possible retracement.
- The $96,556 level is acting as a potential **resistance zone**, where sellers may step in.

2. Key Levels to Watch:
- Resistance:$96,556 – If BTC fails to break above this level, a downside move is likely.
- Support:$94,236 – This level serves as the next key support where buyers might re-enter.

3. Technical Indicators:
- RSI (Relative Strength Index):Approaching overbought levels, indicating a possible short-term correction.
- MACD (Moving Average Convergence Divergence):Shows signs of a bearish crossover, supporting a potential drop.
- **Volume Analysis: A decrease in buying volume near $96,556 could signal weakness and a pullback.

###Fundamental Factors:
- Market Sentiment: BTC remains bullish in the long term, but a healthy retracement is common before continuation.
- Liquidity Zones: High liquidity around $94,236 could act as a magnet for price movement.
- Macro Events: Any news related to interest rates, institutional buying, or crypto regulations could impact the trend.

###Trading Plan:
- Entry: Look for a short position around $96,556, preferably with a rejection signal (e.g., bearish candlestick formation or increased selling volume).
- **Target:First target at $94,236, with potential for further downside if selling pressure increases.
- Stop Loss: Above $97,000 to manage risk.

##Conclusion:
While BTC remains in a bullish trend, a temporary pullback from $96,556 to $94,236 is expected based on key resistance and technical indicators. Traders can look for short opportunities while managing risk with tight stop-loss placements.

7 lut

Uwaga

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