BTC/USDT Analysis: Bearish Breakdown or Oversold Bounce? 📉
The market is showing significant bearish momentum on the daily and hourly timeframes. Here is my technical breakdown and trade setup for
$BTC Technical Observations:
. Trend: Bearish. Price has broken below the DailyBollinger Mid-band and is trading under major EMAs (7, 25, 99).
. RSI: Currently at 14.89 on the 1H chart, indicating it is heavily oversold. A relief bounce is likely before the next leg down.
. Sentiment: Order book shows 85.11% sell pressure.
📉 SHORT Setup (Trend Follow)
. Entry Zone: $88,700 - $89,500
. TP1: $86,800 (Daily support)
. TP2: $84,450 (Swing low)
. TP3: $82,000 (Psychological level)
. SL: $91,300
🚀 LONG Setup (Aggressive Scalp)
. Entry Zone: $88,000 - $88,600
. TP1: $89,800
. TP2: $91,000
. TP3: $92,500
. SL: $86,500
Risk Warning: Crypto trading carries high risk. Always use a Stop Loss and manage your leverage wisely.
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