Technical analysis by Adelaide-K1 about Symbol BTC: Sell recommendation (12/15/2024)

Bitcoin Long-Term and Short-Term Targets! It looks like you are planning to sell Bitcoin (BTC) at around 103,500 with target price levels of 97,000 and 102,000. Here is a breakdown of your trading plan:Sell Position DetailsSell Entry Price: 103,500Target 1: 102,000 (Short-Term Target)Target 2: 97,000 (Long-Term Target)Risk ManagementSet a stop loss to effectively manage your risk. For example, if Bitcoin price rises significantly above 103,500 (e.g. 104,500 or 105,000), you may consider exiting to avoid further losses.Market Analysis TipsCheck support and resistance levels near your targets. Monitor market trends, news, and technical indicators (RSI and MACD) to verify price movements.