Short-Term (1 Day)

Trend: Neutral to Bearish

Entry Price: $103,500

Stop Loss: $104,800 (above Ichimoku Conversion Line + EMA20)

Take Profit: $101,200 (below Camarilla S1 + ATR band)

Confidence Level: ★★★★☆ (4/5)

Rationale:

RSI: 44.6 (Below 50, showing weak momentum)

AO: -1744 (Bearish histogram)

Momentum: Negative (-5159), confirms downside pressure

ADX: 15.75 (Low trend strength—expect range or slight pullback)

Ichimoku: Baseline and Conversion line above price—bearish cloud pressure

Price is hovering near EMA20/EMA30, forming minor resistance. Volume is average but declining.

Suggested Trade: Short Position

#Bitcoin

(Long term still bullish)