🔴 $BTC | SHORT SETUP
🎯 Trading Plan:
Entry: 65,776.3 – 65,860.7
TP: 65,423.5 - 65,160.1 - 64,765.0
SL: 66,345.2
📊 Technical Analysis:
Bitcoin has just been strongly rejected at the 65,818 level on the 4-hour chart, generating a SHORT signal with 89% reliability. This level is acting as a significant resistance that most traders view as support, but the failure of $BTC to break through indicates that selling pressure is still dominant.
The RSI on the 15-minute chart is at 58, leaving room for further decline without entering oversold territory, which allows for continued downward movement. The daily trend remains bearish, and holding below 65,860 each hour will increase downward pressure.
R/R ratio: 1:2.2 (TP1), allowing for relatively good risk management with small capital.
Trade $BTC now by clicking on the chart below 👇
🎯 Trading Plan:
Entry: 65,776.3 – 65,860.7
TP: 65,423.5 - 65,160.1 - 64,765.0
SL: 66,345.2
📊 Technical Analysis:
Bitcoin has just been strongly rejected at the 65,818 level on the 4-hour chart, generating a SHORT signal with 89% reliability. This level is acting as a significant resistance that most traders view as support, but the failure of $BTC to break through indicates that selling pressure is still dominant.
The RSI on the 15-minute chart is at 58, leaving room for further decline without entering oversold territory, which allows for continued downward movement. The daily trend remains bearish, and holding below 65,860 each hour will increase downward pressure.
R/R ratio: 1:2.2 (TP1), allowing for relatively good risk management with small capital.
Trade $BTC now by clicking on the chart below 👇