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BTC/USDT
Trend Analysis:
The overall trend appears to be bearish in the short term (30-minute timeframe).
A Change of Character (CHoCH) has been marked, indicating a possible shift in trend.
The price recently tested a supply zone (red and blue highlighted area) around 88,000 - 87,500 and rejected downward.
There is a demand zone around 86,000 where price found support before bouncing back up.
Entry, Stop Loss, and Take Profit:
Sell Setup (If price rejects supply zone again):
Entry: Around 87,500 - 88,000 (if price rejects this resistance)
Stop Loss (SL): Above 88,500 (to avoid fakeouts)
Take Profit (TP): 86,000 - 85,500 (next support levels)
Buy Setup (If price holds demand zone):
Entry: Around 86,000 - 85,500 (if price shows bullish confirmation)
Stop Loss (SL): Below 85,000
Take Profit (TP): 87,500 - 88,000
If price breaks below 86,000, expect further downside toward 84,500 - 83,500.