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 showing a bearish short-term structure with weakening momentum. RSI(14) at 41.85 is below the neutral 50 level, indicating sellers still control the tape without being deeply oversold. MACD is strongly negative (line -87.35 vs signal 2.53; histogram -89.88), confirming downside momentum and a lack of bullish crossover. Price ($89,513.5) is below the EMA26 ($89,599.9), EMA50 ($89,924.0), and far below EMA200 ($91,922.1), signaling a broader downtrend and overhead resistance. Bollinger Bands are tight (1.57% bandwidth), suggesting compression after a sharp sell impulse; price is sitting near the lower half of the band and recently tagged the lower band area (~$89,011), which often precedes continuation if support breaks. Recent candles show heavy sell volume during the drop (13:00–16:00) followed by a rebound on declining volume, implying a weak bounce. With low current volume, upside follow-through is less likely; risk favors closing longs/short bias into resistance.
Key Factors
Risk Assessment
Moderate risk: volatility is contained (ATR ~$409; tight BB), but compression can break either way. Key risk is a short squeeze if price reclaims ~$89.9k–$90.4k with volume. Ideal stop loss for a short: $90450 (above BB upper/near resistance).
Market Context
Bearish market structure: lower highs/lower lows intraday, price trading under key moving averages with momentum still negative. Immediate support sits near $89000 then $88450; resistance near $89900–$90400.