BTC/USD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

    * Bitcoin's price is approaching the $27,000 support level, and could drop to $25,000 if it falls below it.

    * The decline was triggered by a break below $28,800, which has caused selling pressure to push BTC to the $27,200 level.

    * A significant negative trend line has formed on the hourly chart with resistance at around $28,150, and the next support level is around $27,000.

Bitcoin's price has fallen below $28,000 and is now approaching the $27,000 support level. If it falls below that level, it could drop to $25,000. This decline was triggered by the break below $28,800, which has caused selling pressure to push BTC to the $27,200 level.

The price is currently trading below $28,000 and the 100 hourly Simple Moving Average, and a significant negative trend line has formed on the hourly chart with resistance at around $28,150.

The next significant support level for Bitcoin is around $27,000, and any further declines could push it down to $25,500. Keep an eye on the market and trade wisely!

BTC/USD - Trade Idea

Entry Price – Sell Below 27733

Stop Loss – 28175

Take Profit – 27000

Risk to Reward – 1 : 1.66

Profit & Loss Per Standard Lot = +$733/ -$442

Profit & Loss Per Micro Lot = +$73/ -$44