Coin name: BTc

SHORT
Price: 83,415$
(Enter on entry price)
On the 1-hour timeframe, Bitcoin is currently forming a descending triangle, which is typically a bearish chart pattern. However, there’s a possibility that BTC may make a short-term move to the upside, potentially testing the upper trendline resistance. If it gets rejected from that level, we’ll consider opening short positions.

Meanwhile, on the 30-minute timeframe, BTC Dominance (BTC.D) is also showing signs of a bearish pattern, further supporting the bearish outlook for Bitcoin in the short term.

Looking at the Total Money Flow Index (MFI), it’s currently holding a key trendline support. This suggests that the market may have a bullish bias in the longer time frame, even though Bitcoin appears bearish in the short term.

10x leverage isolated
Sl: 84,200
Target:
1) 83000
2) 82500
3)82000
4)81500