😎🦅$BTC /USDT – Intraday Technical Outlook (Based on your chart)

Timeframe: 1H

Current Price: ~87,990

💥👉 Bullish Scenario (Breakout Trade)

Entry: 89,400+ (1H candle close above trendline)

Targets:

🎯 TP1: 90,300

🎯 TP2: 91,200

🎯 TP3: 92,000

Stop Loss: 88,700

➡️ Momentum will flip bullish once descending trendline is broken.

💥👉Bearish Scenario (Rejection / Breakdown)

If price fails near 88.9k–89.4k and rejects:

Short below: 86,700

Targets:

🎯 TP1: 85,800

🎯 TP2: 85,000

🎯 TP3: 84,450

SL: 87,600

🧠 Trade Plan Summary

⚠️ No chase trades inside the range

✅ Trade only the breakout or breakdown

📊 Volatility expansion is coming — patience = profit

👍✅Market Structure

BTC is trapped inside a descending triangle / falling wedge–like structure.

Clear lower highs (yellow descending trendline) → sellers still active.

Strong bounce from 84,450 support, showing buyers are defending dips.

Price is now compressing between resistance & support → breakout incoming ⚡

Resistance Zone

88,900 – 89,400 (trendline + horizontal resistance)

Major rejection area seen earlier

Support Zone

87,000 – 86,700 (horizontal base)

Breakdown below this = weakness returns

#today

#SpotTrading.

#BTC

#Mooldhanam

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