Bitcoin / TetherUS

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BTCUSDT here you have last NY openings and today I'm execting something similiar in this area
Snapshot

BTCUSDT Btcusdt Sell now
🚦Entry from (84700.0)
📊Take Profit (82500.0)
📌Stop Loss (85200.0)

BTCUSDT.P let's see, who will be liquidated first...
Long or short?

BTCUSDT Selling rn till US market opens, doesn't have strength to break through upper corner of descending trend channel.


BTCUSDT

BTC is consolidating within a key zone. Based on trendlines, a breakout could happen soon in either direction, depending on whether it breaks through the increasing compression. My bias remains bearish for now, at least until the price reclaims my cloud indicator and achieves a bullish alignment.


BTCUSDT Short-Term Support and Resistance Levels for
BTC
• Support Level: $83,747.6
• Resistance Level: $85,321.7
Market Sentiment: Bullish or Bearish?
Bullish Indicators
Currently, there are no specific bullish indicators for BTC, suggesting a lack of strong upward momentum in the short term.
Bearish Indicators
1. RSI (Relative Strength Index): The RSI is indicating an overbought condition, which typically suggests that the asset may be due for a price correction. This is a bearish signal as it implies that the current price levels may not be sustainable.
Conclusion
Given the current market conditions, with the RSI indicating overbought levels and no bullish indicators present, it would be prudent to adopt a bearish stance in the short term. The support level at $83,747.6 will be crucial to watch; if BTC breaks below this level, it could signal further downside potential.
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BTCUSDT Ready for trade the news event? Today 8pm utc the Trump tarrifs announcment.