🚨 $BTC: Encountering Strong Resistance - Setting Up Short for a Downward Adjustment! 📉

Trading Plan: Short 🔴

Entry Zone: 89,600 - 90,100

Take Profit:

🎯 TP1: 88,300

🎯 TP2: 87,100

🎯 TP3: 86,200

Stop Loss: 90,700

🔥 Technical Analysis:

On the H4 and H1 charts, $BTC is facing strong selling pressure as it approaches the psychological resistance level of 90,500 USD. The candles with long upper wicks indicate that the bears are actively defending this peak. 📉

The RSI indicator on the 15-minute timeframe is weakening and turning down from the overbought zone. This signals that buying momentum has run out and a correction is imminent, heading towards lower EMA support levels. 👇