BTCUSDT Chart Analysis

BTCUSDT Chart Analysis

1. Current Trend:
- Price is around 78,716 USDT
- Continuous selling pressure
- High trading volume during downtrend indicating strong selling momentum

2. Technical Points:
- Key resistance at 83,167 USDT
- Next support level at 76,000 USDT
- EMA lines showing strong downward momentum

3. Trading Signals:
- Market is in oversold condition
- 2 Early Signal Flips detected
- Caution advised for short positions due to sharp decline and potential technical rebound

Recommendations:
1. Short-term:
- Not recommended to enter long positions at current levels
- Wait for clear reversal signals
- For short positions, wait for rebound opportunities

2. Risk Management:
- Set Stop Loss at 80,000 USDT if shorting
- Take Profit target at 76,000 USDT support level
- Limit leverage to maximum 2x during high volatility

3. Mid to Long-term:
- Consider accumulating when price tests 76,000 USDT support
- Monitor trading volume for confirmation
- Prepare contingency plan if price breaks below key support levels