BTC
BUYConfidence 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 high-conviction mean-reversion setup after a sharp selloff. RSI(14) at 20.7 is deeply oversold, historically associated with short-term bounce potential. While MACD remains bearish (line -422.43 below signal -337.03, negative histogram -85.41), it reflects strong downside momentum that often precedes a reflex rally once selling exhausts. Price ($91,561) has pushed below the lower Bollinger Band ($91,935), indicating a volatility/price extension; with tight bandwidth (1.8%), this can snap back toward the mid-band ($92,772). Trend and EMAs (12/26/50/200 all above price) confirm broader bearish structure, so this is a tactical long, not a trend-following entry. Importantly, the breakdown candle printed very high volume (3.85x average), suggesting capitulation and potential near-term stabilization. Risk/reward is acceptable if using a tight invalidation below the recent low and targeting the first resistance cluster near $92.8k–$93.6k. Ideal stop loss: $90,950.
Key Factors
Risk Assessment
Moderate-high risk: broader trend is bearish and MACD momentum is still negative, so the bounce can fail quickly. Key risks are continuation breakdown below $91,200/$90,950 and fast whipsaws due to elevated volatility/ATR.
Market Context
Bearish market structure with price below all key EMAs (12/26/50/200) and negative MACD, but conditions are stretched/oversold, favoring a short-term relief rally toward $92.8k–$93.6k.