$BTC
The market is turning bullish again, but the overall structure still looks weak on higher timeframes.
Trade Idea: $BTC SHORT (Scalp / Intraday)
Entry Zone: 71,400 – 71,900
Stop Loss: 72,600
TP1: 70,800
TP2: 70,200
TP3: 69,500
Why this setup?
1. Higher Timeframe (4H):
Price is facing multiple rejections from the 71.8k – 72k resistance zone.
The structure is still forming lower highs → bearish bias remains.
2. Daily Trend:
No strong breakout on the daily chart yet.
Bullish momentum looks weak and lacks continuation.
3. RSI Analysis (15m – 1H):
RSI is hovering around 60–70 zone → slightly overbought.
Momentum is slowing down, increasing the chance of a pullback.
4. Liquidity Concept:
There’s a possibility of a liquidity grab above before a downside move.
Retail traders may get trapped in long positions.
My View:
This could be the final push before a correction.
If price fails to break and hold above 72k, downside continuation is likely.
Risk Management:
A strong breakout and close above 72k will invalidate this idea ❌
Always manage risk (1–2% per trade
