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 ($87,891) sits below EMA12 ($88,732), EMA26 ($89,287), EMA50 ($90,245) and well below EMA200 ($92,510), confirming a bearish market structure and overhead resistance stack. MACD is negative (line -554.9 below signal -496.3) with a negative histogram (-58.6), indicating downside momentum is still active rather than stabilizing. RSI at 38.7 is weak but not deeply oversold, leaving room for further downside before a high-probability mean-reversion bounce. Bollinger Bands show price hugging the lower band ($87,639) after a sharp breakdown candle (16:00 close $87,534 with very high volume), suggesting a distribution/stop-run event and a failed recovery. Although the order book spread is tight, current volume is very low (0.28x), reducing confidence in any immediate reversal. Ideal stop loss for a short is above the breakdown/EMA cluster near $89,300.
Key Factors
Risk Assessment
Moderate-to-high risk: price is near the lower Bollinger Band, so short-term snapback risk is elevated. Key risks are a mean-reversion bounce toward $89k-$90k and volatility spikes (ATR ~$805). Manage with a tight invalidation above $89,300.
Market Context
Bearish market structure: lower highs/lower lows intraday, momentum negative, and price trading below all key EMAs with resistance concentrated from $88.7k to $90.2k.