$BTC Trade Setup 🚨
📈 Potential Trade Setup
Short Setup (Rejection Scenario):
If BTC shows signs of a reversal near $92,400, this could be an opportunity to short.
📍 Entry Zone: Near $92,400 (after confirmation of rejection or bearish candlestick pattern)
🎯 Target (TP): $89,800 – Closest support level
🛑 Stop-Loss (SL): $93,000 – Slightly above resistance to manage risk
Long Setup (Breakout Scenario):
If BTC breaks and holds above $92,500, this could indicate a continuation of the bullish trend.
📍 Entry Zone: Above $92,500 (confirming a breakout)
🎯 Target (TP): $94,700 – Next potential resistance level
🛑 Stop-Loss (SL): $91,000 – Just below breakout level for protection
Hope you understand the trade setup Please do not loose your hard earned money!
🔎 Chart Analysis
Bitcoin has shown strong upward momentum, reaching the upper resistance area near $92,437.09. The price is currently in the overbought zone, which might indicate a potential pullback or a continuation if momentum remains strong.
Key Levels:
Support: $89,800, $87,326Resistance: $92,437, $94,700
Monitor price action at the $92,400 level to gauge whether a rejection or breakout is likely.#BTC☀ #BTCanalysis