📊 $BTC Technical Setup | Bearish (Short) 📊
🔴 Pair: $BTC
⚡ Market Bias: Bearish (Short)
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Zone: $83431.3
🎯 Target 1: $82956 (+0.57%)
🎯 Target 2: $82500 (+1.12%)
🎯 Target 3: $81800 (+1.96%)
⛔ Invalidation / Stop: $83861.9 (-0.52%)
━━━━━━━━━━━━━━━━━━━━━
📈 Technical Context:
Convergence of negative momentum indicators and bearish EMA structure confirms sustained institutional selling pressure. With price testing the lower Bollinger Band without reversal signals, the path of least resistance remains downward toward the $82,956 support level.
👉 Follow on Square & Socials: @notfoundbiel for daily crypto market analyses!
$BTC #Crypto
🔴 Pair: $BTC
⚡ Market Bias: Bearish (Short)
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Zone: $83431.3
🎯 Target 1: $82956 (+0.57%)
🎯 Target 2: $82500 (+1.12%)
🎯 Target 3: $81800 (+1.96%)
⛔ Invalidation / Stop: $83861.9 (-0.52%)
━━━━━━━━━━━━━━━━━━━━━
📈 Technical Context:
Convergence of negative momentum indicators and bearish EMA structure confirms sustained institutional selling pressure. With price testing the lower Bollinger Band without reversal signals, the path of least resistance remains downward toward the $82,956 support level.
👉 Follow on Square & Socials: @notfoundbiel for daily crypto market analyses!
$BTC #Crypto