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 short-term bearish structure with momentum still deteriorating. RSI(14) at 36.21 is weak (near oversold but not yet showing a reversal), while MACD remains decisively negative (line -159.19 below signal -81.07) with a negative histogram (-78.12), indicating downside momentum is still accelerating rather than stabilizing. Price ($88,601) is trading below the 12/26/50 EMAs (89,197/89,356/89,598) and well below the 200 EMA (91,455), reinforcing a downtrend and overhead resistance stack. The latest hourly candle shows a sharp breakdown to $88,584 on very high volume (2.39x average), which adds conviction that sellers are in control rather than this being low-liquidity noise. Bollinger Bands are tight (1.49% bandwidth) and price is pressing the lower band ($88,719), consistent with a volatility expansion to the downside. Ideal stop loss for a short is above the EMA cluster/BB midline near $89,650; take profit targets focus on nearby supports around $87,700 then $86,900.
Key Factors
Risk Assessment
Moderate risk: RSI is near oversold and price is at/under the lower Bollinger Band, so a sharp mean-reversion bounce is possible. Key risk is a squeeze back above $89.6k-$90.0k; use a tight stop.
Market Context
Bearish short-term trend with lower highs/lower lows; price is trading below major moving averages and testing the lower Bollinger Band after a high-volume selloff.