đ $BTC /USDT â Trade Setup (Daily Timeframe)
đ» Trade Type: Short
đŻ Entry Zone: $90,000 â $88,000
â Safe Entry: Around $90,000 (on rejection / confirmation)
đ Stop Loss: $93,000
đ Take Profit Targets:
TP1: $84,000
TP2: $80,000
TP3: $75,000
đ Market Structure & Analysis
Bitcoin is currently trading near $88K, facing strong rejection from the $92K resistance zone. The overall structure remains bearish, with consistent lower highs and lower lows.
đŽ Key Points:
$92Kâ$90K is a strong supply & rejection area
Price is struggling to hold above $88K support
Volume does not support bullish continuation
Breakdown confirmation can accelerate downside move
đ ABC Corrective Structure in Play:
(A) Pullback into resistance
(B) Strong impulsive bearish leg
(C) Minor consolidation before continuation
đ Major Demand Zone:
$76K â $75K (high-probability bounce area)
â ïž Outlook: As long as BTC stays below $92K, downside pressure remains dominant. Shorts are preferred on pullbacks with strict risk management.
đ Trade with confirmation. Protect capital. Market is highly volatile.