📈 #BTC Update:

If the price of BTC moves downwards, it is expected to find strong support in the range of 26,200 to 25,980 based on analysis using the Fibonacci tool and Fibonacci channel.

💪 Support and Liquidation:

This same price range (26,200 to 25,980) is also a point where significant liquidations have occurred, as marked on the liquidation chart.

🚀 Initial Entry and Stop Loss:

Consider the range of 26,200 to 25,980 as an entry point for trading BTC.

Set your initial stop loss at 25,530 to manage potential losses.

💰 Take Profit:

Target a take profit level at around 29,000.

🎯 Favorable Risk-to-Reward Ratio:

The trade offers a highly favorable risk-to-reward ratio of 1:4.5.

🔄 Secondary Entry and Stop Loss if Needed:

In case the stop loss is hit, meaning the market moves further downwards, consider another entry around 24,800 to 24,200.

Set the stop loss for this secondary entry at 23,200.

In summary, this BTC update suggests that if the price decreases, there is strong support in the 26,200 to 25,980 range, which is also a point of significant liquidation. This range is recommended as an initial entry point for trading with a stop loss at 25,530 and a take profit target around 29,000, offering a favorable risk-to-reward ratio of 1:4.5. If the stop loss is hit, there is a secondary entry opportunity around 24,800 to 24,200 with a stop loss at 23,200. 📊💹🚀