Bitcoin Short Position Suggests Downward Momentum

The current trading strategy for Bitcoin (BTC/USDT) is bearish, with an entry zone between $104,700 and $105,500. The stop-loss is set at $107,099, aiming to limit potential losses. Profit targets are progressively placed at $103,600, $102,300, $101,000, $99,500, and $97,700, indicating a gradual exit plan as the price declines. Traders are advised to use leverage options ranging from 10x to 30x and to invest only between 3% and 5% of their capital in this position. This approach suggests confidence in a downward movement in Bitcoin's price, with a clear risk management plan.