BTC
SELLConfidence Score
Signal Analysis
🎯 Take Profit Target
This is the primary price target for executing your trade. Place your take profit order at this level for optimal risk/reward based on current technical analysis.
Price Forecasts
Detailed Reasoning
BTC remains in a bearish structure with price ($78,161) trading below the 12/26/50/200 EMAs (78,554/79,314/80,711/85,241), confirming downside trend alignment across timeframes. Momentum is weak but not yet washed out: RSI(14) at 41.18 sits below the midline, suggesting sellers still control, while MACD is negative; the positive histogram (159) indicates bearish momentum is slowing, but not a confirmed reversal. Price is hugging the lower Bollinger Band (77,795) with tight bandwidth (1.74%), often preceding expansion; given the prevailing trend and -3.82% 24h move, expansion risk skews downward. The latest hour printed a sharp selloff wick to 77,200 on very high volume (3.65x average), signaling distribution/capitulation rather than confident dip-buying. Key resistance is the BB mid/EMA12 zone (~78,475–78,550) and then ~79,300 (EMA26). Ideal stop loss for a short: 79,350 (above EMA26/near breakdown level).
Key Factors
Risk Assessment
Moderate-to-high risk: MACD histogram improving and lower-band proximity increases snapback risk; tight bands can trigger sharp counter-rallies. Use disciplined stops above ~79.3k and reduce size due to ATR (~655) and volatility expansion risk.
Market Context
Bearish trend with lower highs/lower lows; current price consolidating near lower Bollinger Band after a high-volume selloff, with overhead resistance at 78.5k–79.3k and support near 77.8k then 77.2k.