Trade Direction: Short Entry Zone: 0.001020 – 0.001045
Targets:
TP1: 0.001000
TP2: 0.000980
TP3: 0.000950
Stop Loss: 0.001070
Analysis: Price is getting rejected from the 0.00104–0.00105 resistance area and is forming lower highs on the 1H timeframe. The recent bounce is losing momentum, indicating weakening buying pressure. Sellers remain active near the upper range, and as long as price stays below 0.00105, further downside toward lower support zones is expected.#USNonFarmPayrollReport #USJobsData #CPIWatch #BinanceBlockchainWeek #BTCVSGOLD
Bitcoin has faced another firm rejection from the 89k–90k resistance zone, confirming that sellers remain active in this area. The current pullback is controlled and healthy, not a panic-driven move.
Key levels to watch:
Strong rejection at 89k–90k
Immediate support holding at 84k–86k
Price continues to range between major support and resistance
As long as BTC holds above the 84k–86k demand zone, the overall structure remains intact and healthy. This area is acting as a solid buy-support zone, while any meaningful upside expansion will require a clean breakout and hold above 90k.