$BTC SHORT SIGNAL:
Bearish Confirmation: We just closed a Bearish Engulfing candle on the 4hr chart.
This reversal pattern suggests that the bulls have lost steam and the bears are now in control, pushing price action back toward recent lows.
โ๐ Technical Breakdown:
โEMAs: Price is rejecting off the EMA(7) and remains well below the EMA(50) and EMA(100), acting as heavy overhead resistance.
โMACD: Showing a bearish crossover with increasing red histograms, indicating downward momentum is accelerating.
โRSI: Currently at 50.74 (neutral), leaving plenty of "fuel" for a drop toward the 30 level.
โโก Trading Setup:
โEntry Zone: $88,200 - $88,500
โLeverage: 5x - 10x (Isolated recommended)
โTake Profit Targets:
โ๐ฏ $87,000 (Recent Support)
โ๐ฏ $86,074 (Local Bottom)
โ๐ฏ $85,200 (Major Psychological Level)
โStop Loss: $89,700 (Above the EMA 50 resistance)
โโ ๏ธ Risk Warning: Bitcoin is highly volatile. Always use proper risk management and never risk more than 1-2% of your capital on a single trade. DYOR!
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