🚨 $BTC: Hitting Strong Resistance – Short Setup for a Corrective Dip! šŸ“‰

This trade plan outlines a potential short opportunity for BTC based on current technical indicators.

Plan: Short šŸ”“
Entry Zone: 89,600 - 90,100

Take Profit:
šŸŽÆ TP1: 88,300
šŸŽÆ TP2: 87,100
šŸŽÆ TP3: 86,200

Stop Loss: 90,700

šŸ”„ Technical Analysis:
On H4 and H1 charts, $BTC encounters heavy selling pressure near the $90,500 psychological resistance. Long upper wicks indicate aggressive defense by bears at this peak.

The 15m RSI is weakening from overbought levels, signaling exhausted buying momentum. An impending correction towards lower EMA support levels is anticipated.

BTCUSDT