$BTC Market Update: Bearish Consolidation

Bitcoin is currently taking a breather on the 1H chart after the sharp rejection from 94k. We are seeing a consolidation phase around the 89k level, forming a potential Bear Flag structure.

The market structure remains heavy as long as we stay below the 90,300 resistance.

Setup: SHORT

đŸ”œ Entry: Break below 88,900 (or on rejection at 90k)

🎯 TP1: 88,000 (Recent Wick Low)

🎯 TP2: 87,200 (Extension)

🛑 SL: 90,500

Watch for volume. A high-volume break below 88.9k confirms the next leg down.$BTC

BTC
BTCUSDT
66,044.8
+4.94%

$BNB

BNB
BNBUSDT
610.69
+4.24%