BlockchainBaller
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Bearish
I had already warned about $BTC ’s decline in my previous post, and now it has dropped from $93K to $87K just as predicted❗I believe $BTC could reach $100K, $150K, or even $200K, but first, it might dip toward $40K or $50K. $BTC /USDT – Sharp Drop Below $88,000, Is More Downside Coming❓#Bitcoin is currently trading at $87,388, down 5.89%, after breaking below key support levels. The price hit a 24h low of $86,781, signaling strong selling pressure.
Key Levels to Watch
Resistance: $89,500 – A breakout could push BTC toward $91,000 and $93,700
Support: $86,500 – A breakdown may lead to further downside toward $85,000 and $83,700
Market Insights
Parabolic SAR: Clearly bearish, suggesting continued downside pressure
MACD: Deep in negative territory, indicating strong downward momentum
Volume: Selling volume remains high, increasing the risk of further declines
Trade Setup
Long Entry: Above $89,500, targeting $91,000 and $93,700
Short Entry: Below $86,500, with downside targets at $85,000 and $83,700
Stop Loss: $88,500 to manage risk
Bitcoin is at a crucial level, and traders should wait for a confirmed move before taking positions.
Key Levels to Watch
Resistance: $89,500 – A breakout could push BTC toward $91,000 and $93,700
Support: $86,500 – A breakdown may lead to further downside toward $85,000 and $83,700
Market Insights
Parabolic SAR: Clearly bearish, suggesting continued downside pressure
MACD: Deep in negative territory, indicating strong downward momentum
Volume: Selling volume remains high, increasing the risk of further declines
Trade Setup
Long Entry: Above $89,500, targeting $91,000 and $93,700
Short Entry: Below $86,500, with downside targets at $85,000 and $83,700
Stop Loss: $88,500 to manage risk
Bitcoin is at a crucial level, and traders should wait for a confirmed move before taking positions.
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