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

Direction: 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 currently encountering significant selling pressure. It is nearing the crucial $90,500 psychological resistance level, indicating a strong overhead barrier.

Long upper wicks on recent candlesticks suggest that bears are aggressively defending this peak. This pattern often signals a potential reversal or pullback in price.

Furthermore, the 15m RSI is showing signs of weakening, turning downwards from overbought conditions. This indicates exhausted buying momentum and suggests an impending correction towards lower EMA support levels.

(BTCUSDT)