$BTC An easy trade (on the safer side):
Buy (go long): 87,000 – 87,600
Stop loss (SL): 86,500
Take profit (TP): 88,800 or 89,800 or higher
Reasoning:
BTC has dropped sharply from its recent high and is now testing a strong support area within the day. Selling pressure is easing, the RSI is close to being oversold on the short timeframe, and the price is trying to find stability. This suggests a technical bounce is possible if support holds.
BTCUSDT
Perp
87,967.6
-0.82%
$BTC Sell (short) – only if you are comfortable with the risk:
Sell near: 89,500 – 90,000
Stop loss: 90,600
Take profit: 87,600 then 86,500
Why this looks risky:
The sharp price drop has already occurred. Selling after a significant pullback raises the risk of a bounce or a quick short squeeze if buyers re-enter the market.