$BTC /USDT – Bearish Retracement in Play!
Momentum Analysis: Bitcoin (BTC) is experiencing a slight dip, with a -3.22% change from its 24h high of 91,100.00 USDT. Currently hovering at 86,139.56, it faces downward pressure. A potential retracement to key support levels is in the making, signaling possible short-term opportunities.
Long Setup:
Entry Zone: Consider entering near 85,450–85,600 USDT
Targets:
T1: 86,500 USDT
T2: 87,000 USDT
T3: 88,000 USDT
Stop Loss: Below 85,200 USDT
Breakout Confirmation Level & Key Support:
Key Support: 85,200–85,400 USDT (Critical level to watch)
Breakout Confirmation: Look for a reclaim above 86,500 USDT to confirm bullish movement.
Pro Tip for Traders: Stay nimble—BTC’s consolidation phase may present entry opportunities, but monitor volume and momentum for a breakout confirmation.
Relevant Hashtags:
#BTC #CryptoTrading #BearishRetracement #BitcoinAnalysis #TradingStrategy