📊 $BTC /USDT Technical Analysis & Short Trade Strategy

BTC/USDT has shown significant momentum, with a recent price surge of over 8%. Here’s a quick technical analysis and three target levels to consider for a short-term trade.

🔍 Market Analysis

Current Price: $74,663.67 (+8.48% in the last 24 hours)

24h High/Low: High of $75,407.10 and low of $68,666.00

Indicators: MACD and EMA are signaling upward momentum, while RSI is approaching overbought territory, suggesting possible resistance soon.

🎯 Target Levels for Short Trade

1. Target 1: $75,500 — Initial resistance, achievable if upward trend continues.

2. Target 2: $76,000 — Stronger resistance level; high volume would support reaching this.

3. Target 3: $77,500 — Stretch target if bullish momentum sustains and breaks resistance.

📈 Trade Tip

Consider setting a stop-loss around $72,000 to manage downside risk. Monitor volume and MACD for signs of potential trend reversal or breakout.