$BTC Trade Setup – Short Bias on Rebound
Idea: Price is bouncing after a sharp drop but is still below all key moving averages. The $116,100–$117,500 zone is a strong resistance where sellers may re-enter.
Entry Zone (Short)
$116,050 – $116,800
(Aligns with MA(7) & just below MA(25), likely sell zone)
Stop Loss
Above $117,600
(Above MA(25) and resistance; invalidates short thesis if broken)
Targets
Target 1: $115,000 (quick pullback level)
Target 2: $114,100 (recent swing low)
Target 3: $113,000 (next key support if $114K breaks)
Risk/Reward
RR: ~1:2.5 if aiming for Target 2
Low-risk setup as it shorts into resistance with clear invalidation.
Notes
If $BTC breaks and holds above $117,600 with volume, switch to long bias targeting $118,800 – $119,500.
Watch RSI — if it starts rising toward 50 with high volume, sellers may lose control earlier than expected.
