$BTC pushed into a major horizontal resistance zone and failed to hold above the range high, showing clear hesitation from buyers. Price is now consolidating below this supply area, which keeps short-term pressure on the downside unless bulls can reclaim the level with strength. As long as price remains capped under resistance, a corrective move toward lower range support stays the higher-probability scenario.
Trade Setup
• Position: Short (range rejection)
• Entry Zone: 88,200 – 88,600
• Target 1: 87,400
• Target 2: 86,700
• Target 3: 85,800
• Stop Loss: 89,200
BTC
92,961.29
+1.76%