BTC/USDT Trade Setup – Supply & Demand Strategy
Current Price: 85,019 USDT
Timeframe: 5m
Confirmation
Today, BTC is showing a clean reaction around the 85,350–85,400 level, which aligns as a supply zone and a resistance level. After the previous rejection from the 86,400 high, we saw price consolidating and failing to break above that area multiple times.
Key Observations:
Supply/Resistance Zone: Price has repeatedly failed to break above 85,350–85,400, indicating strong selling interest.
Possible Play:
Short Entry: If price retests 85,350–85,400 and shows rejection (wick or bearish engulfing), consider a short.
Target: 84,200–84,000 (demand zone & previous support).
Stop Loss: Above 85,500.
Confirmation: Look for rejection candles or increased red volume bars near resistance to confirm entry.
This is a scalping setup based on 5-minute data, so quick reactions and risk management are key!
