1. BTC/USDT Perpetual – Short Setup (🧨 July 29, 2025)
Position: Short
Entry: around $119,800 – $120,000
Target: $115,000 – $116,000
Stop-loss: above $120,500
Why Short?
Bitcoin was rejected again near $120K resistance and is turning lower today .
ETF inflows have stalled sharply, increasing downside pressure even as futures positioning remains elevated .
Key Indicators:
MACD showing bearish divergence, RSI back below 50.
Price failing at key moving averages on 4‑hour.
External/Internal Drivers:
External: Global geopolitical concerns and weak US equity futures correlation to crypto volatility .
Internal: Rising Binance whale sell flows and long-liquidations on BTC futures .
#BTC #US-EUTradeAgreement #AmericaAIActionPlan #TrumpBitcoinEmpire
