BTCUSDT Perpetual — Daily Chart Analysis
Bias: Bearish to Neutral (range continuation)
Timeframe: 1D
BTC is trading below the key daily moving average and continues to form lower highs after a sharp rejection from the 91K–92K zone. Price is currently hovering near 87.3K, showing weak follow-through on bounces. Volume is declining, which suggests lack of strong buyer commitment. Overall structure still favors sellers unless BTC reclaims major resistance.
Entry Zones:
Short Entry: 88,800 – 90,500
Aggressive Short: Near 91,000 resistance
Long Entry (Scalp only): 85,200 – 84,500 support zone
Resistance Levels:
88,800 – 89,500
91,000 – 92,000
96,900 (major daily resistance)
Support Levels:
85,200 – 84,500
80,600 (key swing low)
79,200 (major breakdown level)
Take Profit Targets (Short):
TP1: 85,200
TP2: 82,000
TP3: 80,600
Invalidation / Stop Loss:
Daily close above 92,500
Summary:
As long as BTC remains below 91K–92K, the market favors downside continuation or sideways consolidation. Bulls need a strong daily close above resistance to flip momentum. Until then, rallies are selling opportunities.
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