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. Price ($75,773) is trading below the 12/26/50 EMAs (76,333/77,050/77,690) and far below the 200 EMA (81,913), confirming a bearish market structure and overhead supply. MACD is deeply negative (line -716 vs signal -483) with a negative histogram (-233), indicating downside momentum remains active rather than basing. RSI at 37.8 is weak (not yet oversold), suggesting room for further downside before a high-probability mean-reversion bounce. Price action shows a sharp selloff from ~78.3k to a low near 73.1k, followed by a rebound that failed to reclaim key resistance (76.3k–77.3k zone around EMAs/Bollinger mid). Bollinger Bands show price sitting below the middle band with moderate bandwidth (8.14%), consistent with trending conditions. Volume is currently low (0.51x), implying the bounce lacks conviction; favor closing longs / shorting into resistance. Ideal stop loss: $77,250 (above EMA26/BB mid).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR (~$1,173) and potential for sharp short-covering bounces; main risk is a reclaim of $77.3k–$77.7k (EMA cluster/BB mid) that could trigger a squeeze.
Market Context
Bearish short-term trend with lower highs/lows; current price is below the EMA cluster and below the Bollinger middle band, indicating sellers control rallies.