LOOK FOR SHORT SETUPS
$BTC SEP 17
On the H4 timeframe, price is still trading below key MA levels, and the medium-term trend remains tilted to the downside. Although BTC had a fairly strong recovery bounce from the 75.0K zone, the macro structure has not truly reversed to bullish.
On the H1 timeframe, price is recovering to retest the resistance zone around 76.3K–76.6K. The current bounce serves as a supply retest to find a safer SHORT entry.
Trading plan:
Avoid rushing into chasing LONGs or opening early SHORTs in no man's land. Patiently wait for BTC to bounce further up to the 76.8K zone and observe price action. Trigger SHORT orders when a strong bearish rejection candle appears and M15/M30 turns down for confirmation.
Entry: 76.8K
TP: 76.0K - 75.6K - 75.2K
Altcoins to watch: $ETH , $SOL , BNB, XRP, LINK
#FedHikes25BpsUSStocksClose #AaveToLaunchRWAMarketOnAvalanche
$BTC SEP 17
On the H4 timeframe, price is still trading below key MA levels, and the medium-term trend remains tilted to the downside. Although BTC had a fairly strong recovery bounce from the 75.0K zone, the macro structure has not truly reversed to bullish.
On the H1 timeframe, price is recovering to retest the resistance zone around 76.3K–76.6K. The current bounce serves as a supply retest to find a safer SHORT entry.
Trading plan:
Avoid rushing into chasing LONGs or opening early SHORTs in no man's land. Patiently wait for BTC to bounce further up to the 76.8K zone and observe price action. Trigger SHORT orders when a strong bearish rejection candle appears and M15/M30 turns down for confirmation.
Entry: 76.8K
TP: 76.0K - 75.6K - 75.2K
Altcoins to watch: $ETH , $SOL , BNB, XRP, LINK
#FedHikes25BpsUSStocksClose #AaveToLaunchRWAMarketOnAvalanche