$BTC 📉 BTC AT A CROSSROADS: Bullish Bounce or Bearish Breakdown? 🚀
Market Overview:
Bitcoin is currently testing a critical psychological support zone. After the recent rejection at the $92,000 resistance, the price is consolidating. We are seeing a "Bear Flag" pattern on the 4H timeframe, but the RSI is approaching oversold territory, suggesting a "short-squeeze" might be incoming.
🔥 The Trade Setup: Scalp Long (Aggressive)
Direction: LONG 🟢
Entry Zone: $88,500 – $89,200
Leverage: 3x - 5x (Isolated recommended)
🎯 Take Profit (TP) Targets:
TP1: $90,500 (Secure 30% profit)
TP2: $91,800 (Major Resistance)
TP3: $93,500 (Breakout Target)
🛑 Stop Loss (SL):
SL: Below $87,400 (Close trade if 4H candle closes below this level)
📊 Technical Justification:$BTC
Support Zone: The $88k level has acted as a strong floor over the last 72 hours.
RSI Divergence: On the 1H chart, we are seeing a slight bullish divergence, indicating selling pressure is exhausting.
Liquidation Heatmap: There is a significant cluster of short liquidations sitting at $91,200, which could act as a "magnet" for price action.
⚠️ Risk Warning:
The overall weekly trend is still showing bearish pressure. If BTC fails to hold $88,000, we could see a rapid slide toward the $84,500 support. Always use a Stop Loss!
What do you think? Are we heading to $100k by New Year’s or testing $80k first? 👇 Let me know in the comments!
#BTC #Bitcoin #CryptoTrading #BinanceSquare #TechnicalAnalysis
