#BitcoinRejectedAt$87K
🚨 $BTC is knocking on $87K — but the next move may not be that simple.
Bitcoin is pressing into the previous high around $87K, while the higher-timeframe structure remains bullish. The 4H and daily charts are strong, price is holding above the major averages, and momentum is still supporting the move.
The $83K area was the cleaner risk/reward zone. Now, with BTC near the highs, I wouldn’t be surprised to see a quick liquidity grab that shakes out late longs before the market chooses its direction.
📉 Short scalp plan
Entry: $86,550–$86,900
TP1: $85,650
TP2: $84,850
TP3: $84,050
SL: $87,800
This setup only makes sense with a proper rejection near the highs — no blind shorting.
For the bigger picture, $82.5K–$83K remains the key area to hold. A clean breakout and acceptance above $87.4K invalidates the short idea.
October has also historically been a strong month for Bitcoin. 👀
Always DYOR.
$BTC #s1r0z
#bitcoin #BTC #CryptoTrading #CryptoMarket #October
🚨 $BTC is knocking on $87K — but the next move may not be that simple.
Bitcoin is pressing into the previous high around $87K, while the higher-timeframe structure remains bullish. The 4H and daily charts are strong, price is holding above the major averages, and momentum is still supporting the move.
The $83K area was the cleaner risk/reward zone. Now, with BTC near the highs, I wouldn’t be surprised to see a quick liquidity grab that shakes out late longs before the market chooses its direction.
📉 Short scalp plan
Entry: $86,550–$86,900
TP1: $85,650
TP2: $84,850
TP3: $84,050
SL: $87,800
This setup only makes sense with a proper rejection near the highs — no blind shorting.
For the bigger picture, $82.5K–$83K remains the key area to hold. A clean breakout and acceptance above $87.4K invalidates the short idea.
October has also historically been a strong month for Bitcoin. 👀
Always DYOR.
$BTC #s1r0z
#bitcoin #BTC #CryptoTrading #CryptoMarket #October
