$BTC
“Let me know your bias — bullish or bearish?”
Bitcoin faced rejection near the 89,000 level and is currently trading around 88,300. After the rejection, price moved into a short-term pullback, which looks more like a correction than a full trend reversal.
📌 Current Price: ~88,336
📌 Intraday Trend: Mild bearish / corrective
📌 Key Level: 89,000 (strong resistance)
📊 EMA & Price Structure
Price is trading below EMA 7 & EMA 25, showing short-term weakness
EMA 99 is still holding below, acting as a major support zone
Volume is decreasing during the drop, which suggests selling pressure is not aggressive
This indicates the move could be a healthy pullback if support holds.
💡 Trading Idea (For Scalpers & Intraday Traders)
⚠️ Bitcoin is in a decision zone, so patience is important.
📉 Short Setup (Only on rejection):
❌ If price fails near 88,600 – 88,800
Sell Zone: 88,700 – 88,900
Target: 88,000 → 87,700
Stop Loss: Above 89,100
📈 Long Setup (Only on support hold):
✅ If price holds above 88,000 and shows bullish confirmation
Buy Zone: 88,000 – 88,150
Target: 88,800 → 89,200
Stop Loss: Below 87,700
📌 Always wait for confirmation candle + volume before entering.
🧠 Personal View
Bitcoin is not in a rush right now. Best trades come from waiting for price to come to your level, not from chasing candles. Manage risk properly and focus on clean, planned entries.
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