$BTC USDT PERP TECHNICAL ANALYSIS – BEARISH SETUP
$BTC USDT Perp chart is showing signs of bearish momentum after failing to hold key support near the previous swing low. The price is trading below the EMA and MA levels, confirming short-term downward pressure. MACD is in a bearish crossover, and RSI is trending below 50, suggesting sellers are in control. Bollinger Bands indicate potential continuation toward the lower band, while SAR is above the price confirming the bearish trend.
Trade Setup:
Short Entry: Below recent consolidation at 90,500
Take Profit Targets: TP1: 89,300 | TP2: 87,200 | TP3: 85,100
Stop Loss: Above 91,500
BTCUSDT
Perp
90,687.2
-1.77%