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 momentum still bearish. RSI(14) at 39.07 is weak (not yet deeply oversold), suggesting downside room remains before a high-probability mean-reversion bounce. MACD is firmly negative (line -717 vs signal -396) with a large negative histogram (-320), indicating accelerating bearish momentum rather than stabilization. Price ($76,204) is below EMA12/26/50 and far below EMA200 ($81,974), confirming bearish market structure and overhead supply. Recent candles show a sharp selloff from ~78.3k to a low near 73.1k on elevated volume (peaking 12.5k), followed by a rebound back to ~76.2k—this looks like a relief bounce into resistance rather than a trend reversal. Bollinger Bands place price below the mid-band ($77,386) and closer to the lower band ($74,314), consistent with bearish bias. Ideal stop loss for a short is above the confluence resistance zone around $77,800 (near EMA50/mid-band).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR (~$1,160) and potential for sharp short-covering bounces; main risk is a reclaim of $77.4k-$77.8k (mid-BB/EMA50) triggering a squeeze higher.
Market Context
Bearish trend with price trading below EMA12/26/50 and well below EMA200; recent capitulation-like drop followed by a corrective rebound, but no confirmed reversal signals yet.