$BTC AI Analysis: $BTC/USDT
Entry Price: Around 89,100
Target Prices:
- TP1: 87,700
- TP2: 86,900
- TP3: 85,100
Stop Loss Price: Above 91,000
Reasons for Short Position:
1. Pattern Confirmation:
- Daily chart forms a "Double Top" reversal pattern (neckline at 89,100), with a top height of 1,900 (89,100-91,000)
- Measured decline = top height × 1.618 = 3,074 → Target Price 3 = 89,100 - 3,074 = 86,026 (practically rounded to 85,100)
2. Trend Structure:
- Weekly chart breaks below the 2024 upward trend line (connecting 91,000 and 89,100), with price closing below MA(50) at 89,500
- RSI(14)