$BTC #BTC86kJPShock #BTCRebound90kNext? #BTC86kJPShock $BTC $Here is a clean technical analysis based on the chart you shared 👇 (5-min BTC/USD)
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🔍 What the Chart Shows
1. Clear Double Top Formation
Price tested the 87,300–87,400 supply zone twice.
Failed to break above → indicates strong sellers at that level.
Double tops are reliable for short-term reversals.
2. Bearish Reversal Candle at Key Zone
The signal candle forms exactly inside the red supply zone.
Long wick on top + rejection = seller dominance.
This validates a short entry.
3. Downside Move Already Started
You marked the breakdown, and price is already trending lower.
Structure shifted from higher-highs to lower-lows & lower-highs → micro downtrend.
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🎯 Support & Targets (Based on Your Chart)
1st Target (Reached or Near)
Around 86,680 – 86,600
This is the zone where buyers started reacting earlier.
Next Possible Targets
If price continues momentum:
Target Level (Approx.) Reason
TP2 86,350 – 86,300 Previous support + consolidation area
TP3 86,000 – 85,950 Strong demand zone, visible multiple rejections
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🛡️ Stop-Loss Suggestion (For Learning Purpose)
(Not financial advice—educational only)
Place SL above the double-top wick, around 87,350 – 87,420.
This keeps SL outside the supply zone, avoiding fakeouts.
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📘 Price Action Logic
Double Top = reversal pattern
Rejection Candle at Resistance = confirmation
Break of Structure (BOS) = momentum shift
Retest + Continuation = ideal entry
This combination gives a high-probability bearish setup.
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📈 Probability
With pattern + candle + zone alignment:
65–70% probability (for short-term intraday move)
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If you want, I can also: ✅ Mark SL + TP levels on a fresh chart
✅ Predict next movement from current price
✅ Give full intraday plan
Just send the next chart or ask!
