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 is in a clear short-term downtrend with bearish momentum. RSI(14) at 39.79 is weak (not yet deeply oversold), suggesting downside room remains before a high-probability mean-reversion bounce. MACD is decisively negative (line -700.62 below signal -394.63) with a deeply negative histogram (-305.99), confirming accelerating bearish momentum. Price ($76,414) is below the 26/50 EMAs ($77,167 / $77,777) and far below the 200 EMA ($81,976), reinforcing a bearish market structure. The recent tape shows a sharp selloff from ~78.3k to ~73.1k with heavy volume during the breakdown hours, followed by a rebound back to ~76.4k; however, the current volume is only 0.47x average, implying the bounce is weak and vulnerable to continuation lower. Bollinger Bands place price slightly below the middle band ($77,396), with the lower band at $74,339 acting as the next magnet/support. Ideal stop loss for a short: $78,100 (above EMA50/near breakdown zone).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR (~$1,142) and potential for short-covering spikes; main risk is a reclaim of $77.8k-$78.3k turning momentum into a stronger rebound.
Market Context
Bearish market structure: price below EMA26/50 and well below EMA200, with a recent impulsive selloff and only a low-volume retracement back toward resistance.