$BTC has once again shown a clear rejection at higher levels. After reaching a peak near $89,567, the price has sharply dropped to the current level of $87,510, indicating strong selling pressure. This price movement suggests that the market is facing a pullback and further downside may be possible.
Trade Setup (Short):
Entry Zone: $87,500 – $88,000
Targets:
TP1: $87,000
TP2: $86,500
TP3: $86,000
Stop-Loss: $89,000
This rejection offers a good short opportunity, especially if the price continues to show weakness. Watch closely for further confirmations and manage your risk accordingly.
$BTC
Trade Setup (Short):
Entry Zone: $87,500 – $88,000
Targets:
TP1: $87,000
TP2: $86,500
TP3: $86,000
Stop-Loss: $89,000
This rejection offers a good short opportunity, especially if the price continues to show weakness. Watch closely for further confirmations and manage your risk accordingly.
$BTC
