15-Min Bitcoin Analysis : Short-Selling Opportunity
#BitcoinAnalysis #BTC #BTC走势分析 #Write2Earn
Overview :
The 15-minute Bitcoin (BTC) chart suggests a potential sell trade setup, highlighted by a retracement to Fibonacci levels. The price action hints at a corrective pullback, making it an opportune moment for short-term traders to execute a sell strategy within the outlined zone.
Key Observations :
Current Price : $93,299.71
Fibonacci Levels for Take Profit :
61.8% (TP1) : $91,996.45
70% (TP2) : $91,729.12
Resistance Zone : $94,864.75 – Immediate resistance marked by the trendline.
Support Zone : Around $91,987.26, aligning with key Fibonacci levels.
Technical Analysis :
Trendline Resistance : BTC is facing selling pressure near the resistance at $94,864.75, as shown in the chart.
Fibonacci Retracement : The correction aligns well with the golden Fibonacci ratio (61.8%-70%), where sellers can look to book profits.
Volume Activity : A slight decrease in buying volume suggests bearish momentum may persist in the short term.
Trading Strategy :
Entry : Consider short positions near the resistance zone ($94,800).
Target Profits :
TP1 : $91,996.45 (61.8% Fib Level)
TP2 : $91,729.12 (70% Fib Level)
Stop-Loss : Above $95,000 to minimize risk if BTC breaks above resistance.
Conclusion and Pro-Tip :
This setup highlights a short-term bearish opportunity for BTC, with Fibonacci levels offering strategic profit-taking zones. Monitor price behavior at key levels and trade with caution.
Pro-Tip : Always confirm entry with candlestick patterns or volume spikes at the resistance zone. Set tight stop-loss levels to avoid extended losses in case of a breakout.