Bitcoin is currently trading inside a consolidation range after a strong bearish move. The overall higher-timeframe bias remains bearish, and price is repeatedly rejecting from the upper boundary of the range, indicating selling pressure.
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🔴 Primary Trade Setup – SELL
Reasoning:
Previous strong bearish trend
Price stuck in a range with multiple rejections at resistance
Selling from the top of consolidation offers a high-probability setup
📌 Entry: 88,200 – 88,600 🛑 Stop Loss: 90,200 🎯 Take Profit 1: 85,000 🎯 Take Profit 2: 82,000
➡️ Risk : Reward ≈ 1 : 2.5
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🟢 Alternative Scenario – BUY (Only With Confirmation)
⚠️ Risk Disclaimer: This analysis is for educational purposes only. Always use proper risk management and wait for confirmation before entering a trade.