BTCUSD Short Setup Rejection from Major Resistance Targeting 89kThis 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.
