$BTC — Analysis & Trade Plan 📉

BTCUSDT

Prep

87,280

+0.71%

$BTC faced a sharp rejection from the 89.4k supply zone and sold off aggressively, sweeping liquidity down to the 85.6k area. The move was impulsive, showing strong seller dominance in the short term. Market is currently in a corrective phase, not a trend reversal yet.

Trade Plan:

🔴 SHORT (Preferred)

• Sell on pullback: 86,800 – 87,300

• TP1: 85,800

• TP2: 85,200

• SL: 88,000

🟢 LONG (Only on strength)

• Long above & hold: 87,800

• TP1: 88,800

• TP2: 89,600

• SL: 86,900

The strong bearish candle confirms distribution after rejection from highs. As long as BTC stays below 87.5k–88k, rallies are likely to be sold. A clean reclaim above resistance is required to shift momentum back in favor of bulls.