🔴BTCUSDT Trading Signal 💸

Timeframe: 1 hour ⏰

Pair: Bitcoin/USDT

Trading Setup:

📉 Sell Signal: Open sell trades now or at $58,940.00.

Target Prices:

1. $56,160.00 🎯

2. $54,317.00 📊

3. $51,670.00 🚀

Stop Loss: $59,980.00 ⛔️

Analysis:

📊 Classical Technical Analysis: Bearish trend identified.

🕯️ Price Action: Sell signal confirmed by candlestick patterns.

🔍 Fibonacci: Retracement levels indicate potential support.

📈 RSI: Overbought conditions, indicating potential reversal.

📊 Moving Average: Death cross formation.

🔴 Ichimoku: Bearish cloud formation.

📈 Bollinger Bands: Price touching upper band, indicating potential pullback.

📊 Increased selling pressure observed in the last 24 hours.

📉 Downward trend expected to continue in the short term.

📊 Support levels at $56,000 and $54,000.

📈 Resistance levels at $60,000 and $62,000.

Disclaimer: DYOR and NFA.

$BTC

BTCUSDT

Trajne ter. pog.

67,960.6

+2.56%

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