BTC/USD - 1H Chart Analysis

📊 BTC/USD - 1H Chart Analysis

🔹 Current Price: $89,008
🔹 Market Structure: Bearish Retest in Play

📍 Key Resistance Zone (Sell Zone):

$90,288 - $90,900 → Price needs confirmation before entering a short trade.
📍 Key Support Zones (Take Profit Levels for Shorts):

TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
📉 Bearish Scenario:
🔻 If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
🔻 Strong rejection from this zone confirms a short entry.

📈 Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.

💡 Trading Plan:
🎯 Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
🎯 Buy Setup: Only consider long positions if price breaks and holds above $90,900.
🎯 Manage risk accordingly with SL above resistance or below support zones.

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