$BTC Trade Setup and analysis🔹
🔻Short Trade Setup (Rejection Scenario)
📍 Entry Zone: $89,200 - $89,500 (on confirmation of a bearish candlestick or rejection near resistance)
🎯 Target (TP): $88,000 – Initial support zone, or further downside if momentum continues
🛑 Stop-Loss (SL): $89,650 – Above recent highs to manage risk
$BTC has approached the upper region of the channel and the price is showing signs of weakness near resistance. This setup suggests a potential pullback.
Timeframe: 15-minute chart
Key Levels to Watch:
Resistance: $89,500, $91,000
Support: $88,000, $87,500