$BTC Intraday Rejection Holding, Downside Risk Still Present (Bearish)

BTC is trading around the 86,500 level after facing rejection from the 87,800–88,200 resistance zone.

As long as BTC remains below the 87,800 area, the short-term bias stays bearish, with a pullback toward lower support levels likely.

Trade Setup (Short):

Entry Zone: 87,200 – 87,800

Target 1: 86,400

Target 2: 85,800

Target 3: 85,200

Stop-Loss: 88,300

A rejection from the 87,800–88,200 resistance zone could trigger a move back toward prior demand areas. A sustained 15-minute close above 88,300 would invalidate this setup.

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BTC

87,635.08

+0.72%