$BTC

Trend Overview:

Current price: ~$95,920

Recent movement: Downtrend over the last few candles with a strong bearish impulse.

Structure: Lower highs and lower lows are forming.

Support zone: ~$95,600

Resistance zone: ~$96,500–96,800

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Trade Plan (Short-term - 1hr scalp/swing):

Short (Sell) Setup:

Entry: Near $96,200–96,300 (possible minor pullback to retest previous breakdown zone)

Target 1: $95,600 (previous support)

Target 2: $95,200 (next significant support zone)

Stoploss: $96,700 (above the previous minor high)

Risk-Reward Ratio: Roughly 1:1.5 to 1:2 depending on exact entry.

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Alternative Long (Buy) Setup (only if price bounces):

Entry: Near $95,600 (support level)

Target: $96,300–96,500 (resistance zone)

Stoploss: Below $95,400