#BTC
If BTC fails to break the 87,453.67 resistance and starts declining, the possible targets are:
Potential Downside Targets:
1. 85,500 – A short-term support level; if it holds, the market might bounce back.
2. 83,700 – 83,500 – The middle Bollinger Band and previous support; breaking this could signal further decline.
3. 82,500 – 82,000 – The 24-hour low; if this breaks, bearish momentum will strengthen.
4. 80,500 – 79,500 – If selling pressure increases, the market could reach this zone.
Precautions:
If 86,000 is broken, downward momentum will likely increase.
If 82,500 is broken, it indicates strong selling pressure, and 80,000 could be the next target.
Trading Plan:
If the price breaks 86,000, it may drop to 83,500 – 82,500.
If 82,500 support fails, the next potential drop is to 80,500 – 79,500.
A stop-loss around 87,500+ is advisable to limit losses in case of a rebound.