📉 BTCUSDT Short Setup 📉
Trading Plan:
Bias: Short
Entry: 88,000 - 90,500
Stop Loss: 94,500
Take Profit 1–3: 81,000 / 78,000 / 75,000
Technical Analysis:
On the daily chart, Bitcoin shows a clear bearish trend, forming a series of lower highs and lower lows. The price continues to trade below the Bollinger Band middle line (about 90,160) and the Exponential Moving Average (EMA), which constitutes strong resistance. The Supertrend indicator is red, and the MACD is below the zero line, both confirming a sustained bearish momentum. The ideal entry point is to wait for the price to bounce back to the aforementioned resistance area and show rejection signals, such as a bearish candlestick pattern, which will confirm the continuation of the bearish trend.
Invalidation Conditions:
This bearish setup will only be invalidated if the price breaks and closes above 94,500.
##BTCVSGOLD #BTC
$BTC
{future}(BTCUSDT)
$PUMP
{future}(PUMPUSDT)
$GIGGLE
{future}(GIGGLEUSDT)