Short

BTC/USDT 1H: Double Top Reversal – Short Setup Below $88K

BTC/USDT 1H: Double Top Reversal – Short Setup Below
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Current Market Conditions (Confidence Level: 8/10):

Price at $87,146, showing bearish momentum following a confirmed double top formation.
Hidden bearish divergence on RSI, with lower highs while price made equal highs—classic SMC signal.
Market Makers appear to be distributing in the $88,000 – $88,250 resistance zone.

Trade Setup (Short Bias):

Entry: Current price around $87,146 is optimal for short positions.
Targets:
T1: $86,250 (-1%)
T2: $85,500 (-1.9%)
Stop Loss: $88,300 (+1.3%) above resistance zone.

Risk Score:

7/10 – High-volume rejection at resistance supports this setup, but RSI nearing oversold adds some short-term bounce risk.

Key Observations:

Strong resistance cluster at $88,000 – $88,250.
RSI at 40, approaching oversold, but divergence signals outweigh reversal for now.
Smart Money activity shows clear signs of short positioning with large bearish wicks and volume spikes.

Recommendation:

Short positions favored with tight risk management.
Consider scaling out at each target level to lock in profits.
Monitor price action closely at $86,250 for signs of absorption or bounce.

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Cryptokijker

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Cryptokijker