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:
· MACD: -53.1 (negative value, indicating bear market momentum)
· DIF: 130 (below DEA, indicating bearish crossover)
· DEA: 183
· Price Level:
· 24-hour high: 116,039.6 (strong resistance level)
· 24-hour low: 113,389.8 (support level)
· Key resistance: around 115,500 (identified from Candlestick data)

Best position to Short:

Based on the above analysis, it is recommended to open a short order in the range of 115,200 - 115,500 USDT. The specific reasons are as follows:

1. Resistance level confirmation:
· MA10 (115,042.8) currently acts as a dynamic resistance level, and the price may encounter selling pressure when it rebounds to this level.
· 115,500 is another key resistance level, shown as 115,509.6 in the Candlestick data, close to the 24-hour high (116,039.6), but the risk is relatively low.
2. Technical Indicator Support:
· The MACD shows bearish momentum (DIF < DEA and MACD is negative), indicating that the upward momentum is weakening, making it suitable to short during a rebound.
· The current price is below MA10, but if it rebounds above MA10, it may provide a better entry point.
3. Risk Management:
· Open a short order in this range, it is recommended to set the stop loss above 116,000 USDT (above the highest price in the last 24 hours) to guard against the price breaking through the resistance and continuing to rise.
· The target support level can be set around 114,000 or 113,500 (referencing the 24-hour low).

Operation suggestion:

· Entry Timing: Monitor the price trend, and when the price rebounds to around 115,300 (confirm with the real-time Candlestick Chart), consider Short.
· Time Frame: Use 1-hour or 4-hour Candlestick Chart to confirm Rebound signals, and avoid entering during high volatility.
· Additional tip: If the price directly falls below 114,700 (MA5 support), it may not be necessary to wait for a rebound, but currently, it is advised to prioritize waiting for a rebound to short.

Please adjust your strategy according to real-time market conditions, and ensure to use stop-loss orders to manage risks. $BTC