I'm currently eyeing a short opportunity on
$BTC based on the recent 4-hour chart structure. Here's the breakdown of my plan:
🔍 Market Context
$BTC recently topped at $95,758 and is now showing signs of exhaustion around the $93,800 zone.
Price has entered a sideways consolidation phase, and momentum indicators are flattening.
Volume has decreased during the consolidation, suggesting a possible drop as buyer strength weakens.
📉 Short Setup
Entry: Below $93,000 (confirmation of breakdown from range)
Stop Loss: Above $94,200 (just outside current range top)
Target 1: $91,000 (previous support area)
Target 2: $88,500 (EMA support & psychological zone)
🧠 Rationale
Short-term momentum is fading.
A break below $93K could trigger further downside as liquidity is swept.
Risk/reward is favorable with a tight stop and multiple take-profit levels.
⚠️ Risk Note
Trend remains bullish on higher timeframes – this is a counter-trend trade.
Will exit the trade early if price reclaims $94,200 with strength.
I’ll monitor closely for volume confirmation before entry. Discipline and risk control are key.
#NTC #NTCcapital