🚨 $BTC Short Setup: Anticipating a Corrective Dip from Strong Resistance! 📉

$BTC is currently facing significant selling pressure. This setup outlines a short trade opportunity, targeting a potential corrective move downwards.

**Trade Plan:**
🔴 Short
**Entry Zone:** 89,600 - 90,100

**🎯 Take Profit (TP) Levels:**
TP1: 88,300
TP2: 87,100
TP3: 86,200

🚫 **Stop Loss (SL):** 90,700

📊 **Technical Analysis:**
On the H4 and H1 charts, $BTC is encountering strong psychological resistance around $90,500. Long upper wicks indicate aggressive defense by bears at this peak.

The 15m Relative Strength Index (RSI) is weakening and turning down from overbought levels. This suggests exhausted buying momentum and hints at an impending correction towards lower Exponential Moving Average (EMA) support levels.

(BTCUSDT)