BTCUSDT Analysis by @cryptomoeng

The analysis begins with Bitcoin, currently in a short position, showing a $20,000 profit. A rejection from the 11-year resistance is noted, justifying the short position. Future predictions for Bitcoin involve closely monitoring the weekly candle close. If the weekly candle closes bearish, this could lead to a correction down to the bull market support line. The 102500 level is identified as a crucial level not to break; failure to hold could lead to low 80000 level being retested, in case the price close below 102500, in such case the long term scenario is invalidated. The analysis considers decoupling from traditional markets, with Bitcoin potentially moving downwards while the S&P 500 pumps. Also suggest to check the Etherum for potential long entry. A symmetrical triangle on the ETHBTC chart is highlighted to aim a potential long.