BTC/USDT 15min Chart – Key Level Watch & Next Move Setup
Bitcoin is holding near $88.6K after touching yesterday’s highs above $89.5K, showing resilience despite recent volatility. The king of crypto continues to draw institutional interest and on-chain accumulation, even as short-term traders navigate choppy price action.
Current Context (15min Chart):
Price: $88,599.04
RSI(6): 31.02 → Oversold on short timeframe
24h Range: $86,891.70 – $89,567.75
24h Vol: 13.7K BTC / $1.21B USDT
Chart Observations:
Price is consolidating after being rejected near the 24h high ($89,567.75).
RSI at 31 suggests short-term oversold conditions — a bounce or relief rally is possible.
Immediate support near $86,891–$87,346 (previous low & consolidation zone).
Resistance around $89,112–$89,567 (recent high).
Next Move Scenarios:
Bullish Scenario (45% probability):
RSI divergence + oversold bounce → push towards $89,100–$89,500.
Need to break and hold above $89,112 for continuation to $89,700+.
Bearish Scenario (35% probability):
Failure to hold $88,500 → retest $87,346 (strong support).
Break below → target $86,891 (24h low).
Key Levels to Watch:
Resistance: $89,112 → $89,567 → $89,701
Support: $88,000 → $87,346 → $86,891
Risk management crucial here tight stops recommended due to high volatility.
Always conduct your own research and trade responsibly.
