🚨 BTCUSDT Perpetual – Short Setup Alert
Bitcoin is showing classic signs of exhaustion after the rapid pump into the 72,000–74,000 resistance zone:
Strong rejection wick at 74,046 (24h high) with immediate selling pressure
Price now failing to hold above the 25-period MA (~72,699) and trading below the breakout candle body
RSI(6) deeply oversold at 17.1, RSI(14) at 30.4 → momentum divergence on lower timeframes, bearish continuation likely
Volume spike on the rejection candle + decreasing buy volume on the latest green candles
Structure: Break of the recent swing low (71,234) would confirm the reversal
Trade Setup – Short BTCUSDT
Entry: 72,000
Stop Loss: 68,413 ( Changing my stop loss due to a change of character )
Take Profit: 67,000
Risk-Reward Ratio: 1 : 5
Clean asymmetric short with multi-timeframe confluence.
Who’s jumping on the short side? Drop “SHORT” below if you're entering 👇
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