Price: 110005.38 | EMA7: 110317.91 | EMA25: 111610.87 | RSI14: 45.71 | Resistance: 126199.63 | Support: 102000 | Average Volume: 16626.36 | Volume Trend: Decreasing
Based on the 1-day technical analysis of BTCUSDT, the market is bearish.
1. **Short Selling:** I recommend a long/short entry with a sell stop at 109000, a take profit at 104500, and a stop loss at 112000. The RSI is below 50 (45.71), indicating the market is oversold. However, the MACD line is below the signal line, indicating a bearish trend.
2. **Long Entry:** It's not recommended to go long at the current price due to the bearish trend. But if you still want to go long, the best entry price would be around 105000 (which is above the support level) with a take profit at 115000 and a stop loss at 100000.
3. **Spot Buy Price:** Given the bearish trend, I advise against buying at the current price or near the support level. Instead, consider buying when the market shows signs of a potential reversal. A buy signal could be considered if the RSI crosses above 50, and the MACD line starts to move above the signal line. In that case, a spot buy price around 105000 could be considered.