๐ $BTC /USDT Short Setup๐ฅ๐ฅ
Entry Range: $59,400 - $59,900
Stop Loss: $60,900
Targets:
๐ฏ TP1: $58,800
๐ฏ TP2: $57,800
๐ฏ TP3: $56,500
$BTC continues to trade below key resistance after a sharp sell-off, with price forming a series of lower highs on the 4H timeframe. The recent sideways movement looks more like a bearish consolidation than a reversal, suggesting sellers still have the upper hand.
As long as $60,000-$60,900 acts as resistance, the probability favors another leg lower toward the major support zones.
Invalidation: A strong 4H close above $60,900 would invalidate the bearish setup and shift momentum back in favor of the bulls.
๐ฅ Bitcoin is trapped below resistance. A clean breakdown from this range could trigger the next wave of selling toward the lower targets. ๐
Entry Range: $59,400 - $59,900
Stop Loss: $60,900
Targets:
๐ฏ TP1: $58,800
๐ฏ TP2: $57,800
๐ฏ TP3: $56,500
$BTC continues to trade below key resistance after a sharp sell-off, with price forming a series of lower highs on the 4H timeframe. The recent sideways movement looks more like a bearish consolidation than a reversal, suggesting sellers still have the upper hand.
As long as $60,000-$60,900 acts as resistance, the probability favors another leg lower toward the major support zones.
Invalidation: A strong 4H close above $60,900 would invalidate the bearish setup and shift momentum back in favor of the bulls.
๐ฅ Bitcoin is trapped below resistance. A clean breakdown from this range could trigger the next wave of selling toward the lower targets. ๐