$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.
📊 Technical Breakdown:
EMAs: Price is rejecting off the EMA(7) and remains well below the EMA(50) and EMA(100), acting as heavy overhead resistance.
MACD: Showing a bearish crossover with increasing red histograms, indicating downward momentum is accelerating.
RSI: Currently at 50.74 (neutral), leaving plenty of "fuel" for a drop toward the 30 level.
⚡ Trading Setup:
Entry Zone: $88,200 - $88,500
Leverage: 5x - 10x (Isolated recommended)
Take Profit Targets:
🎯 $87,000 (Recent Support)
🎯 $86,074 (Local Bottom)
🎯 $85,200 (Major Psychological Level)
Stop Loss: $89,700 (Above the EMA 50 resistance)
⚠️ 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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