#BTCRebound Overview of the trend:
BTC is in a strong uptrend, having just broken out of the resistance zone at 86,000 with significant volume.
Currently, the price is approaching the important resistance zone of 88,400–88,600 – where a short-term correction may occur.
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Technical signals:
RSI(4H): In the overbought zone (~73), warning of a possible correction.
Stoch RSI(1H): Also in the overbought zone, showing signs of stagnation.
MACD(4H): Strongly expanding, confirming that the upward force is still present.
Volume: Clearly increasing when bouncing from support, but needs to be monitored if approaching the peak with decreasing volume.
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Proposed strategy:
Short scenario:
Target zone: 88,400–88,600
Confirmation: Clear reversal candle (pin bar, engulfing) on M5–M15 timeframe
SL: Above 88,700
TP: 87,000 – 86,000
Long scenario if a strong breakout occurs:
Entry: After the price surpasses 88,600 and closes with confirmation
SL: Below 88,000
TP: 89,200 – 90,000