BTC Trading Setup

Two Trading Scenarios:

1️⃣ LONG (Pullback Play):

· Entry: $89,010 – $88,800 (near EMA20)

· TP1: $89,616

· TP2: $90,000 – $90,500

· SL: Below $88,662 (EMA50)

2️⃣ SHORT (Rejection Play):

· Entry: If rejection at $89,616 with low volume

· TP: $89,010 (EMA20)

· SL: Above $89,700

· OBV divergence suggests caution — price rise lacks strong volume confirmation.

· A break below $88,662 could trigger a deeper drop toward $87,300.

· Always use stop loss — never risk more than 1-2% per trade.If you’re trading BTC now:

· Watch the 1-hour close above $89,616 for continuation signals.

· If volume remains low, expect choppy movement between $89,000–$89,600.

· Keep an eye on Bitcoin dominance & USDT pairs for broader market cues.

$BTC

BTC
BTCUSDT
83,977.6
-6.18%