This is a 15-minute candlestick chart of BTC/USDT on Binance, published on March 1, 2025. Here’s the analysis based on the chart:
Observations:
Short Trade Setup:
A sell entry appears to have been placed around 85,095 USDT.
The stop-loss is set within the gray shaded area above this level.
The trade expects a price decline based on the downward arrows.
Take Profit (TP) Levels:
TP 1: Around 84,750 USDT
TP 2: Around 84,250 USDT
TP 3: Around 83,700 USDT
The final target is approximately 83,684 USDT.
Market Trend:
The price has shown recent bullish movement but appears to be reversing downward from resistance.
A bearish expectation is drawn on the chart with multiple take-profit levels.
Support & Resistance:
Support Level: Near 83,684 USDT, where price could stabilize.
Resistance Level: Around 85,855 USDT, as indicated by the gray zone.
Conclusion:
The trader expects BTC to drop after reaching a resistance zone.
If the market follows the pattern, profits will be taken at multiple levels.
The chart suggests a short position strategy with structured risk management.