BTC

88,733.99

+1.41%

​$BTC /USDT: Consolidation After Recent Drop – Potential Bearish Continuation

​Based on the 15-minute chart:

​Trade Setup: The price ($86,879.20) is currently consolidating after a sharp drop, failing to make a clear break above the immediate resistance level around $87,792.20. The recent candlestick pattern suggests a potential minor rebound but remains overall weak.

​Entry Range: \$86,750 - \$86,950 (To catch a potential break below the immediate support)

​Target 1: \$86,400

​Target 2: \$86,116 (Recent 24h Low)

​Target 3: \$85,500

​Stop Loss (SL): \$87,800 (Above the last local peak)

​Short Outlook of Market: Bearish. The trend is showing lower highs on the 15m chart. A break below \$86,116 (24h low) could trigger further selling.