๐จ $BTC : Hitting Strong Resistance - Short Setup for a Corrective Dip! ๐
**Trade Plan:** Short โฌ๏ธ
Entry Zone: 89,600 - 90,100
Take Profit:
๐ฏ TP1: 88,300
๐ฏ TP2: 87,100
๐ฏ TP3: 86,200
Stop Loss: โ 90,700
---
๐ฅ **Technical Analysis:**
On the H4 and H1 charts, $BTC is facing significant selling pressure as it approaches the $90,500 psychological resistance level. Long upper wicks indicate aggressive defense by bears at this peak.
The 15m RSI is also weakening and turning down from overbought levels. This suggests buying momentum is exhausted, signaling an impending correction towards lower EMA support levels.
(BTCUSDT)
