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 momentum still bearish. RSI(14) at 38.88 is weak (not yet oversold), suggesting downside room before a mean-reversion bounce becomes higher probability. MACD remains negative (line -513.41 below signal -496.96) with a negative histogram (-16.44), confirming bearish momentum and lack of reversal signal. Price ($87,892.5) is trading below the 12/26/50/200 EMAs, and the EMA stack is bearishly aligned (12 < 26 < 50 < 200), reinforcing a broader bearish structure. Bollinger Bands show price sitting near the lower band ($87,744.66) with tight bandwidth (2.85%), but the sharp 16:00 breakdown candle (low $87,509) on very high volume indicates distribution and a volatility expansion to the downside rather than a clean support hold. With ATR ~$790, a realistic near-term move targets the $86.8k–$87.0k support zone; resistance overhead sits at $89.0k–$90.3k (mid-band and EMA50). Ideal stop loss for a short: $89,950 (above mid-band/near recent breakdown level).
Key Factors
Risk Assessment
Moderate-to-high risk: price is near the lower Bollinger Band where short-covering bounces can occur, and volatility can spike after the breakdown. Key risk is a reclaim of $89k–$90.3k triggering a squeeze.
Market Context
Bearish market structure with lower highs/lower lows intraday; recent high-volume selloff suggests continuation risk unless price reclaims the mid-band/EMAs.