🚨 Trading Plan: Short $BTC
📉 Bitcoin has broken below the daily range low after a weak relief bounce, keeping short-term momentum bearish.
Trade Setup 🔻 Entry: $58,547 – $59,747
🛑 Stop Loss: $62,000
🎯 Targets: $57,000 → $53,500 → $48,500
📊 Market Structure • BTC was rejected sharply from $61.9K.
• Price is trading below the 1H Lower Bollinger Band, signaling oversold conditions.
• Retail long positions remain heavily crowded (2.2:1), increasing the risk of a long squeeze.
• Open Interest has risen by 3% during the decline, showing fresh positions entering the market.
⚠️ A retest of $60.8K could provide a favorable short entry. However, a sustained move back above $62K would invalidate the bearish setup.
Manage risk, use proper position sizing, and never trade without a stop loss.
$BTC
📉 Bitcoin has broken below the daily range low after a weak relief bounce, keeping short-term momentum bearish.
Trade Setup 🔻 Entry: $58,547 – $59,747
🛑 Stop Loss: $62,000
🎯 Targets: $57,000 → $53,500 → $48,500
📊 Market Structure • BTC was rejected sharply from $61.9K.
• Price is trading below the 1H Lower Bollinger Band, signaling oversold conditions.
• Retail long positions remain heavily crowded (2.2:1), increasing the risk of a long squeeze.
• Open Interest has risen by 3% during the decline, showing fresh positions entering the market.
⚠️ A retest of $60.8K could provide a favorable short entry. However, a sustained move back above $62K would invalidate the bearish setup.
Manage risk, use proper position sizing, and never trade without a stop loss.
$BTC