$BTC /USDT / Bitcoin

Sell-the-rally bias as price shows aggressive breakdown below EMA stack with impulsive sell-side expansion, confirming short-term distribution and lack of responsive bids.

Bias: SHORT

Entry: 88,600 – 88,900

Stop-Loss: 89,350

TP1: 87,900

TP2: 87,200

TP3: 86,500

As long as price remains below 89,350, rebounds are corrective and should be faded. A strong reclaim and hold above that level neutralizes the downside thesis and signals structural repair.

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BTCUSDT

Perp

87,357.6

-2.28%