BTCUSDT current price 84,319.1, in a weak consolidation zone after falling from the 24h high of 85,146.4. The image shows the moving average system MA(25) 84,557.8 and MA(7) 84,505.9 are both above the current price, forming a "death cross" pressure. Also, the SuperTrend key support labeled at 85,288.9 indicates a risk of data/indicator divergence (price is below the support). Combined with the 1-hour candlestick closing bearish, the short-term technical outlook is bearish. Place short positions based on the moving-average resistance zone, aiming to test the support at the 83,500 area, and set the stop loss above the recent high.
$BTC #BTC
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Short-selling sniper instruction
Opening range (Entry)
84,500 - 84,600
MA(7)/MA(25) resistance band
Stop loss red line (Stop Loss)
> 85,200
Break above the previous high/box top
First target (TP1)
83,500
Lower bound of the prior consolidation range
Second target (TP2)
82,800
MA(99) extension support