BTCUSD- Trading Plan, Sell!
If Bitcoin reaches $90,000, there may be potential for a short-term pullback due to a stop-loss (SL) hunt scenario, where larger market players could push prices up to trigger stop orders before initiating a drop. For this short position, watch for signs of exhaustion around 90K on shorter timeframes, or look for bearish confirmation such as a rejection pattern or increased selling volume after a wick above key resistance.
Using a tight stop-loss just above 90K can manage risk if the SL hunt causes volatility.$BTC