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 clear bearish bias with momentum still deteriorating. Price ($88,994) is trading below the 12/26/50 EMAs (89,358/89,467/89,692), confirming short-term trend weakness, and well below the 200 EMA (91,553), which signals a broader downtrend/overhead supply. MACD is decisively negative (line -109.6 vs signal -23.3; histogram -86.3), indicating strong bearish momentum rather than a mature reversal. RSI at 43.1 is not oversold, leaving room for further downside before mean-reversion buyers typically step in. Price is also hugging the lower Bollinger Band (88,811) with tight bandwidth (1.34%), suggesting a volatility squeeze that often resolves in the direction of the prevailing trend (bearish). Recent candles show repeated failures near 89,900–90,000 and a selloff on higher volume earlier (05:00–09:00), while current volume is below average (0.62x), reducing confidence in a sustained bounce. Ideal stop loss for a short: $90,250 (above BB upper/round-number rejection zone).
Key Factors
Risk Assessment
Moderate risk: bandwidth is tight so a squeeze can trigger a sharp short-covering spike; low volume can also cause whipsaws. Key risk is a reclaim of $90,000–$90,250 that flips momentum.
Market Context
Bearish market structure with lower highs intraday and price trading below short- and long-term moving averages; momentum favors continuation toward nearby supports.