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 price ($87,792) trading below all key EMAs (12/26/50/200), confirming bearish market structure and overhead supply. Momentum remains negative: MACD is below the signal line with a negative histogram (-24.74), indicating downside pressure is still building rather than stabilizing. RSI at 37.8 is weak (bearish momentum) but not yet deeply oversold, leaving room for continuation before a high-probability mean-reversion bounce. Price is also hugging the lower Bollinger Band ($87,717) after a sharp breakdown candle (16:00 close $87,534) on very high volume (9,044), suggesting distribution and a failed rally from $90k–$90.5k resistance. With ATR ~$786, near-term volatility supports a move toward the next support zone around $86.2k–$86.5k. Ideal stop loss for a short: $89,050 (near BB mid/EMA12 area) to avoid whipsaw if price reclaims the breakdown level.
Key Factors
Risk Assessment
Moderate risk: RSI is approaching oversold and price is at the lower Bollinger Band, increasing short-squeeze/bounce risk. Key risk is a reclaim of $89k-$90k (EMA12/BB mid) that would invalidate the immediate bearish continuation.
Market Context
Bearish trend with lower highs and a breakdown from the $90k-$90.5k supply zone; current price is consolidating near the lower band after a high-volume selloff, implying sellers still control the tape.