🚨 $BTC Breakdown Alert: Bearish Structure Confirmed – Short Setup 📉

Plan Trade: Short 🔴

Entry: Current Price or wait for a pullback to $89.5k - $90k

Take Profit:

🎯 TP1: $85k

🎯 TP2: $80.6k

Stop Loss: Above $92k

BTCUSDT

Perp

85,793.4

-3.83%

🔥Technical Analysis:

1. Trend: Bearish. The current price ($88,380) is trading below EMA 10, 25, and 50. The alignment of short-term EMAs below long-term ones confirms a strong downtrend. Price recently faced rejection at the $91k - $95k recovery zone.

2. Momentum: Weak. RSI indicators are all below 50 (hovering around 34-40), showing dominant selling pressure. Since RSI hasn't reached oversold territory (<30) yet, there is still room for further downside.

SL Rationale:

Place SL above $92,000. A breakout above this resistance cluster would invalidate the bearish trend.