strong buy
Short BTCUSDT Expecting Further Decline After Breakout
The position is a short on #BTCUSDT, initiated from $104,560 with a stop loss at $106,400.
On the 1-hour time frame, a continued downward trend in order flow is evident. There is heightened selling activity, and liquidity below is being ignored. Price highs are not being surpassed, indicating downward pressure.
Currently, the price is consolidating sideways. A hourly sell level has formed at around $104,500. A breakout below this level would serve as a confirmation signal for further decline. The anticipated move is a continuation down to the next significant seller interest zone near $102,000, where a take profit is set.
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Open chart | #BreakoutLevel
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AI Analysis
The analysis highlights a bearish sentiment based on the order flow and price action on the 1-hour timeframe. The continued downward order flow indicates persistent selling pressure, which is reinforc...
AI Recommendation
Based on the technical analysis and current order flow, it is advisable to maintain the short position if the price breaks below $104,500. Traders should monitor the breakout with increased volume as ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.