$BTC $BTC/USDT BEARISH CORRECTION LIKELY
BTC/USDT is showing signs of bearish pressure as it struggles near the 24h high of 89,399.97. Immediate support is around 86,846.16, while resistance sits at 89,399.97. Price is testing the MA(5) and MA(10), indicating potential short-term downside if support breaks.
Trade Setup:
Entry (Short): Below 86,846 breakdown
Targets (TP): 85,000 / 82,978
Stop Loss (SL): 89,500
Risk Management: Use a maximum of 2-3% capital per trade and adjust SL as the market moves to protect #TechnicalAnalysis #BitcoinTrade/USDT BEARISH CORRECTION LIKELY
BTC/USDT is showing signs of bearish pressure as it struggles near the 24h high of 89,399.97. Immediate support is around 86,846.16, while resistance sits at 89,399.97. Price is testing the MA(5) and MA(10), indicating potential short-term downside if support breaks.
Trade Setup:
Entry (Short): Below 86,846 breakdown
Targets (TP): 85,000 / 82,978
Stop Loss (SL): 89,500
Risk Management: Use a maximum of 2-3% capital per trade and adjust SL as the market moves to protect profits.
