Current Price: $93,160
Timeframe: 5m (Scalp Setup)
Sell Setup Active
Entry (Sell): $93,300 – $93,600
Stop Loss: $93,850
Target 1: $92,600
Target 2: $91,950
Risk/Reward: 1:2+
Chart Analysis:
Price rejected from resistance zone $93,600–$93,800
Multiple failed attempts to break $93,800 (lower highs)
200 EMA breakdown + bearish candle formation
Bearish divergence spotted on RSI (not visible here but expected at local top)
Likely forming a distribution pattern after quick fakeout above $93,600
My Take:
Entered short at $93,400. If price flips $93,600 cleanly with volume, I’ll flip long. Till then, bias is bearish.
What To Watch:
A 15min candle close above $93,800 = invalidation
BTC holding $92,600 = bulls may return from here
Disclaimer:
Just a personal trading idea. Not financial advice. Always DYOR and manage your risk.
#BTC☀ #cryptosignals #BitcoinAnalysis #Scalping #BinanceFeed
