$BTC is showing a weak bounce after a sharp drop from the 90,500โ90,600 resistance zone. Price dumped aggressively to 87,200, which now serves as short-term support. The current recovery appears corrective, not strong enough to indicate a full trend reversal.
As long as BTC stays below 89,300โ89,800, sellers remain in control. The lower timeframe structure is still bearish, and this bounce is likely a pullback before another downward move. A clean break above resistance would invalidate this short setup.
Scalp Trade Plan โ Short:
Entry Zone: 88,700 โ 89,200
Targets:
๐ฏ TP1: 87,200
๐ฏ TP2: 86,600
Stop Loss: 90,650
Leverage: 20x โ 40x
Margin: 1% โ 3%
Risk Tip: Take partial profit at TP1 and move stop-loss to breakeven to protect capital.
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