Based on the provided BTCUSDT Perptual Futures Candlestick Chart information, here is the analysis and suggestion for the best position to open a short order (sell). The key to opening a short order is to find the timing when the price rebounds to the resistance level or technical indicators show overbought/downtrend, in order to maximize profit probability and control risk.
Technical Analysis Overview:
· Current price: 114,979.3 USDT
· Moving Average (MA):
· MA5: 114,768.7 (short-term trend)
· MA10: 115,042.8 (mid-term resistance)
· MA30: 114,692.4 (long-term support)
· MACD indicator:
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