🚨 $BTC: Hitting Strong Resistance - Short Setup for a Corrective Dip! 📉

This analysis suggests a potential short opportunity for $BTC as it encounters strong overhead resistance. Traders should monitor for a corrective movement downwards.

Plan trade: 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 heavy selling pressure as it nears the 90,500 psychological resistance. Long upper wicks indicate that bears are aggressively defending this peak.

The 15m RSI is weakening and turning down from overbought levels. This signals exhausted buying momentum and an impending correction toward lower EMA support levels.

(BTCUSDT)