BTC Short Sell Setup Around Major Resistance zone,
$BTC
BTC
88,205.79
+0.87%
BTCUSDT
88,149.5
+0.85%
This BTCUSD chart outlines a clear potential sell setup as price approaches a major resistance zone between 87,900–88,100. This area previously formed two tops, indicating strong seller presence.
- Current Price Action**: BTC is pushing into the resistance zone with a sharp move up. However, this area has historically led to reversals.
- Trade Plan: Wait for bearish rejection or confirmation (like a reversal candle or structure break) before entering a short position.
- Targets:
- 1st Target: 85,561 – minor support and possible bounce zone.
- 2nd Target: Around 82,000 – previous consolidation and demand area.
- 3rd Target: Near 78,000 – deeper support zone if bearish momentum continues.
The chart emphasizes patience and discipline: no trade without confirmation. It's a strategic setup relying on historical resistance and clean downside structure.
Overall, it’s a potential short setup near resistance with clean downside targets, but confirmation is key.
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👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
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