This BTC/USD chart shows a clear sell bias as the price repeatedly fails to break above a major resistance zone marked near the $95,500 level. Multiple rejections (highlighted with red arrows) indicate strong selling pressure. The suggested path shows a potential drop toward the 1st target around $91,530, and if momentum continues, further decline toward the 2nd target near $89,000, which aligns with a broader support zone.
Entry Zone:
Between $94,800 – $95,300 (inside the major resistance zone)
Stop-Loss (SL):
Just above the resistance zone, around
Take Profit Levels (TPs):
TP1: $93,200 – First minor support zone (lock partial profits, move SL to entry)
TP2: $91,500 – Key horizontal support (major reaction zone, good for larger partials)
TP3: $89,200 – Close to the lower support zone (final target for full exit)
This setup offers a solid Risk-Reward Ratio of approximately 1:2.5 to 1:3, depending on exact entry.
Entry Zone:
Between $94,800 – $95,300 (inside the major resistance zone)
Stop-Loss (SL):
Just above the resistance zone, around
Take Profit Levels (TPs):
TP1: $93,200 – First minor support zone (lock partial profits, move SL to entry)
TP2: $91,500 – Key horizontal support (major reaction zone, good for larger partials)
TP3: $89,200 – Close to the lower support zone (final target for full exit)
This setup offers a solid Risk-Reward Ratio of approximately 1:2.5 to 1:3, depending on exact entry.
Trade active
1ST TARGET HIT 93,200 MINOR SUPPORT ZONE LOCAL PARTIAL PROFIT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.