$BTC /USDT – BEARISH CONSOLIDATION, SHORT-TERM PULLBACK LIKELY BEFORE NEXT MAJOR MOVE
Immediate Market Move Explanation:
BTC is currently trading below the recent intraday highs and showing signs of exhaustion near the 90.8K resistance zone. Price failed to sustain above the upper liquidity levels and is now consolidating with declining momentum, indicating a short-term bearish retracement. Sellers are active near resistance while buyers are waiting at lower demand zones, suggesting a pullback before any strong continuation.
Trade Setup (Short-Term)
Position: Short
Entry Zone: 90,700 – 90,900
Targets (TP):
TP1: 90,000
TP2: 89,200
TP3: 88,500
Stop Loss (SL):
SL: 91,600 (Above key resistance & liquidity sweep)
Market Outlook:
Overall market structure on higher timeframes remains neutral to bullish, but in the short term BTC is likely to correct or range lower to retest strong demand near 89K–88.5K. A strong reaction from this zone could fuel the next bullish leg. Until then, expect volatile consolidation with bearish pressure.
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