BTC 1H Update: After a pullback, price strongly bounced from the blue OB (demand zone). Now facing resistance at red OBs around 106.6K - 108.8K. RSI 60. Not financial advice.
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis #MarketAnalysis
MrMorir
--
Bearish
#BTC
š Technical Analysis ā BTC/USDT 1D (Short Setup)
šØ Trade Idea: Bitcoin Short Position
A key support level was previously broken. The recent bounce appears to be a fakeout (bull trap), and a sharp downward move is likely to follow.
šÆ Short Targets:
Target 1: 94,500 (Primary target)
Target 2: 91,500
Target 3: 88,900
š Stop-Loss:
Daily close above 109,000 invalidates the short setup.
š Note:
This is a technical outlook and not financial advice. Please do your own research before entering any trade.
š° Potentially a great opportunity if the scenario plays out.
#Bitcoin #CryptoAlert #BTCUSDT #ShortBTC #CryptoTrading #BearishTrend
$BTC
š Technical Analysis ā BTC/USDT 1D (Short Setup)
šØ Trade Idea: Bitcoin Short Position
A key support level was previously broken. The recent bounce appears to be a fakeout (bull trap), and a sharp downward move is likely to follow.
šÆ Short Targets:
Target 1: 94,500 (Primary target)
Target 2: 91,500
Target 3: 88,900
š Stop-Loss:
Daily close above 109,000 invalidates the short setup.
š Note:
This is a technical outlook and not financial advice. Please do your own research before entering any trade.
š° Potentially a great opportunity if the scenario plays out.
#Bitcoin #CryptoAlert #BTCUSDT #ShortBTC #CryptoTrading #BearishTrend
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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