#BTC Midday Analysis & Strategy
1-Hour Chart:
BTC’s price briefly climbed but faced strong resistance, shown by repeated long upper wicks. This signals selling pressure above and weakening bullish momentum. Lower highs further reflect limited upward drive.
4-Hour Chart:
After breaching resistance, $BTC fell back below, failing to sustain an uptrend. MACD lines have formed a death cross—clearly bearish—while RSI turned down from overbought levels, indicating a potential correction.
Trading Plan:
Consider shorting near 93,000 with a stop above recent highs. First targets: 92,000–91,500; if volume increases, watch for 90,500.
As the market has already surged, keep positions light. Use strict risk management—avoid countertrend trades!
