$BTC
Based on the provided TradingView chart (BITSTAMP:BTCUSD, 15-minute timeframe), here is a full analysis with trading levels.
Chart context:
· Current price: ~$89,995
· Recent high: $90,144
· Recent low: $89,900
· Very short-term trend in this zoom appears neutral to slightly bearish after a decline from above $94,000.
· The chart shows price has fallen from around $94,000 → $90,000 with lower highs visible.
Technical Analysis
1. Market structure:
· Lower highs visible on 15m (from ~94k → 93k → maybe 91.5k).
· Price currently near $90k, which may act as psychological support.
· If $90k breaks, next support likely near **$89,500**, then $88,800.
2. Key levels:
· Resistance: $90,500 (recent minor high), $91,000, $92,000
· Support: $89,900 (today’s low), $89,500, $88,800
3. Momentum:
· Price is below earlier session highs, showing selling pressure in the very short term.
· The -0.07% change indicates consolidation near $90k.
Trade Setup
Scenario 1 – Bearish break (if $89,900 breaks):
· Entry: $89,850 (after break)
· Stop Loss: $90,300 (above recent swing high)
· Take Profit 1: $89,500
· Take Profit 2: $88,800
· Risk/Reward: ~1:2
Scenario 2 – Bullish bounce from $90k support:
· Entry: $90,050 (on bounce with 15m close above $90k)
· Stop Loss: $89,800
· Take Profit 1: $90,500
· Take Profit 2: $91,000
· Risk/Reward: ~1:2
Scenario 3 – Range trade ($90k–$90.5k):
· Buy near $89,950, stop $89,800, target $90,400.
· Sell near $90,450, stop $90,600, target $90,000.
Summary
Given the chart is only a 15m slice, bigger timeframe trend is needed for higher conviction.
Currently, short-term bias is neutral to slightly bearish unless $90,500 is reclaimed.
Final suggested trade (based on visible chart):
· Direction: Short on break below $89,900
· Entry: $89,850
· Stop Loss: $90,300
· Target: $89,500 / $88,800
· Timeframe: 15m–1H
Always manage risk (1–2% per trade) and adjust if higher timeframe contradicts.
