$BTC is currently in a technical retracement phase after a strong sell-off, but the overall structure remains distribution with lower high not yet broken; the current context leans towards a sell-the-rally strategy instead of chasing buys.
Trading Plan — SHORT
Entry: 87,800 – 88,400 (the area to short into supply first, where price consistently lacks follow-through)
Stop loss: 89,200 (close above H4 on the nearest retracement peak, breaking the lower high structure)
Targets: 85,900 → 85,100 → 84,500
Technical Analysis
The decline from the 90k area has created clear selling momentum, while the current retracement is corrective and does not form a higher high. Price is stuck below the short-term supply area, and every attempt to push higher is quickly absorbed. Weak recovery momentum indicates that buyers lack conviction and there are no signs of a structural reversal.
The sell argument during the retracement remains valid as long as BTC does not close H4 above 89,200. A clear Daily close above this area would invalidate the scenario and require a reassessment of the trend.
Short-term approach prioritizes defense, only trading when risks are clearly defined and structural advantage leans towards sellers.
Trading BTC on Binance👇
