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 showing a clear short-term bearish bias. Momentum indicators are negative: RSI(14) at 43.93 is below neutral and not yet oversold, leaving room for further downside. MACD is decisively bearish (line -19.63 vs signal 102.29) with a deeply negative histogram (-121.91), indicating accelerating downside momentum rather than a base. Price ($87,101.5) is trading below the 12/26/50 EMAs (~$87,655–$87,680) and below the 200 EMA ($87,960.9), reinforcing bearish market structure and overhead resistance. Bollinger Bands are tight (1.46% bandwidth) with price sitting on the lower band ($87,090), and recent candles show a breakdown from the mid-band area into the lows with elevated volume (1.94x average), suggesting distribution and continuation risk. Order book is ask-heavy at the top (7.85 vs 0.34 bid), adding near-term selling pressure. Ideal stop loss for a short is ~$87,980 (above the 200 EMA/near resistance).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band and volatility is contained, so a sharp mean-reversion bounce is possible. Key risk is a squeeze back above $87.7k–$88.0k (EMA/200 EMA zone) invalidating the short.
Market Context
Short-term downtrend with lower highs and a breakdown from the mid-Bollinger area; overhead resistance clustered at $87.65k–$87.96k and support near $86.9k–$87.1k.