Fi297

$BTC



Bitcoin (BTC/USDT) is currently hovering around $87,427 on the 1-hour timeframe, with price action suggesting a possible bearish move after a minor bounce. 📊 The chart, published by the Forex_Trading_Team, highlights critical support and resistance zones, alongside a broken ascending trendline that hints at underlying weakness in BTC’s momentum.

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📊 BTC/USDT Analysis – Key Observations

🔹 Support & Resistance Zones:

✅ Resistance Zone: $88,500 – This level acts as a critical barrier, where previous attempts to move higher were rejected.

✅ Support Zone: $86,500 – This area has been holding as a solid floor, preventing further downside.

🔹 Trendline Break Indicates Weakness:
A black ascending trendline previously indicated an uptrend, but BTC broke below this trendline, signaling a shift toward bearish sentiment. The break suggests that bulls are losing strength, increasing the probability of a deeper retracement.

🔹 Price Projection (Blue Lines & Arrows):

BTC may experience a short-term bounce toward the $88,500 resistance zone.

If rejected at resistance, a downward move is expected, targeting the $86,500 support level once again.

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🎯 Key Levels to Watch

✅ Immediate Resistance:

$88,500 – A strong rejection here could confirm the bearish setup and accelerate the move downward.

✅ Support Zones Below:

$86,500 – Key support level that has been holding well. A break below this zone could lead to a deeper drop.

$85,000 – If BTC loses $86,500 support, expect a quick drop toward this psychological support level.

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📉 Why BTC Could Drop After Testing Resistance?

📌 Trendline Breakdown: The break of the ascending trendline invalidates the previous bullish structure.
📌 Bearish RSI Divergence: The RSI is showing bearish divergence, suggesting weakening bullish momentum.
📌 Liquidity Below $86,500: Liquidity pools near support indicate that market makers may drive the price lower to collect orders.

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🕹️ Trading Strategy: Prepare for Potential Downside

💡 For Short Sellers:

Look for short entries after rejection from the $88,500 zone.

Target zones: $86,500 and $85,000 for profit-taking.

Place stop-loss above $88,800 to manage risk effectively.

💡 For Buyers:

Avoid long positions unless BTC breaks and holds above $88,500.

Consider re-entry near $86,500 for potential bounce trades.

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📈 Possible Bullish Scenario (Invalidation Zone)

✅ Bullish Invalidation:

If BTC closes above $88,500 with strong volume, it would invalidate the bearish setup.

In that case, BTC could aim for $89,700–$90,000 as the next upside target.

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⚡ Market Sentiment: Bearish Bias with Key Levels in Focus

With BTC showing signs of weakness after breaking its ascending trendline, the probability of a rejection at $88,500 and a subsequent drop toward $86,500 remains high. Traders should stay cautious and monitor these levels closely before making any trading decisions.

🔔 Will BTC Hold Support or Break Lower? Share Your Thoughts Below! 👇

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✅ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.