BTCUSDT Analysis by @qriptal

Total Quality
Score
97207.4
97000.0000000000
91000
BTCUSDT
1H
Fail
Free
Analysis Predict Bear Market
Technical
The analysis focuses on Bitcoin (BTCUSDT). The analyst points out that too many people are shorting BTCUSDT, therefore is expecting lower prices but not opening any short position. A potential short position trade is acceptable at the current level with a first target of $91000 and a failure above $96800. The analyst indicates that there are several reasons to expect lower prices and a minimum retracement: wickless daily and monthly candle, monthly pivot around $89000 and $92800. Also, it is mentioned a possible move higher into a resistance around the $98000 which if confirmed the analyst might be more interested on a short position.
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