1. Technical Analysis Insights $BTC
A. Trend Analysis
The chart shows a clear uptrend, as BTC has been making higher highs and higher lows since the 19th.
However, momentum is slowing near resistance (~$88,000 - $89,000), suggesting potential weakness.
B. Support & Resistance Levels
Resistance Zone: $88,500 - $94,000 (marked in red) → Potential short entry.
Support Zones:
Minor: $83,000 - $84,000 (marked in green) → First long entry opportunity.
Strong: $78,000 - $79,000 → Key demand zone.
C. Candlestick & Chart Patterns
Multiple rejection wicks near $88,000, indicating selling pressure.
Small-bodied candles & doji formations suggest market indecision.
Potential double-top formation in progress → Could trigger a drop if BTC breaks below $86,000.
D. Volume & Liquidity
Volume spiked on the move towards $88,000 but has been declining.
Liquidity grab zones near $83,000 & $78,000 → Smart money could push price down before rebounding.
Bearish divergence expected on momentum indicators → Sell-off likely soon.
2. Trading Plan: Long & Short Setups
📉 Short Setup (Bearish Scenario)
Entry:
If BTC fails to break $88,500 - $89,000, enter a short position.
Confirmation: A 4H candle close below $86,500.
Stop Loss:
Above $89,500 (Key resistance).
Take Profit Targets:
TP1: $84,000
TP2: $82,000
TP3: $78,000 (Strong demand zone).
📈 Long Setup (Bullish Scenario)
Entry:
If BTC dips into the $83,000 - $84,000 demand zone & forms a reversal pattern (e.g., bullish engulfing, hammer).
Stop Loss:
Below $81,500 (Avoid stop hunts).
Take Profit Targets:
TP1: $86,000
TP2: $88,500
TP3: $92,000 (Major resistance).
3. Expected Dump?
A short-term pullback to $83,000 - $84,000 is likely.
If $86,000 breaks, BTC could fall to $78,000 before resuming uptrend.
Disclaimer: This is for informational purposes only, not financial advice. Conduct your own research and trade responsibly. 🚀📊