Bitcoin reached $87,500 – Should you buy or short now?
Body:
Bitcoin (BTC) is showing strong momentum after a sharp breakout, currently trading at $87,488. In the last 24 hours, BTC has risen from approximately $83,950 to a high of $87,795 – a clear sign of bullish strength.
But the question now is – Is it the right time to buy or short?
Technical analysis (15min chart):
BTC broke out from $84K with high volume.
The price is consolidating just below the high – a sign of strength.
MA(5) and MA(10) support the upward trend.
RSI may be entering the overbought zone – caution is advised.
Buy or short?
Option 1: Buy (Long)
If BTC stays above $87,000, it could move towards $89,000–$90,000.
Ideal buying zone: $86,300–$86,700 (during retracement).
Stop-loss: Below $85,000
Target: $89,500 / $90,000
Option 2: Short (riskier)
If BTC fails to break above $88,000 and drops below $86,500, shorting may be considered.
Ideal short zone: below $86,400 with confirmation.
Stop-loss: Above $87,800
Target: $85,000 / $83,500
Conclusion:
BTC is in a strong upward trend, so buying on dips is safer than shorting. However, always wait for confirmation and manage your risk.
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