๐จ $BTC: Hitting Strong Resistance - Short Setup for a Corrective Dip! ๐
Plan Trade: Short ๐ด
Entry Zone: 89,600 - 90,100
Take Profit:
๐ฏ TP1: 88,300
๐ฏ TP2: 87,100
๐ฏ TP3: 86,200
Stop Loss: 90,700
๐ฅ 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)
