**Bearish Structure Confirmed š**
We're witnessing a strong downtrend in the BTC market, with the current price ($88,380) indicating a clear bearish structure.
Key Points to Consider:
ā¢ Trend: Bearish, as the short-term EMAs are aligned below long-term ones.
ā¢ Momentum: Weak, with RSI indicators hovering around 34-40.
**Trade Plan**
Plan Trade: Short š“
Entry: Choose between entering at current price or waiting for a pullback to $89.5k - $90k.
**Risk Management**
Stop Loss: Above $92k to avoid potential losses in case of an unexpected breakout.
Take Profit:
šÆ TP1: $85k
šÆ TP2: $80.6k
