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 ($87,711) is below the 12/26/50/200 EMAs (EMA12 $88,858; EMA26 $89,386; EMA50 $90,334; EMA200 $92,554), confirming a bearish market structure and overhead resistance stack. MACD remains negative (line -527.93 below signal -498.57) with a negative histogram (-29.35), indicating downside momentum is still active rather than reversing. RSI at 37.19 is near oversold but not yet at capitulation levels; this suggests limited immediate bounce strength and risk of another leg down. Price is also hugging the lower Bollinger Band ($87,701) after a high-volume breakdown candle (16:00 close $87,534 on 9,044 volume), which often signals continuation before stabilization. Volume is near average (0.98x), so there’s no strong capitulation buy signal yet. Ideal stop loss for a short/exit level is above the broken support and EMA12 zone near $89,250.
Key Factors
Risk Assessment
Moderate-to-high risk due to RSI near oversold (bounce risk) and ATR ~$786 implying fast swings; key risk is a short squeeze back above $89k-$90.3k (EMA12/EMA50).
Market Context
Bearish structure: lower lows and lower highs intraday, major resistance overhead at $89k-$90.3k and broader trend pressure from EMA200 at $92.6k.