Bitcoin (BTCUSD) is once again under pressure as it fails to break above the $93,500 mark. With clear resistance at $94,156 and support forming near $91,756, this could be the perfect moment for a short opportunity.
Trade Snapshot
Entry: $93,115
Target (TP): $92,118 (+20%)
Stop Loss (SL): $93,513 (-10%)
Type: Short
Technical Breakdown
Price action has formed a strong rejection wick near resistance, signaling a potential reversal.
Momentum indicators are weak, and bearish pressure is evident on lower timeframes.
Short-term scalpers can benefit from the narrow range between resistance and support with minimal risk.
Why This Short Makes Sense
BTC failed to break key resistance.
Weak bullish momentum = High chance of correction.
Risk/Reward setup is favorable for quick profits.
Pro Tips
Watch for a breakdown confirmation on 15-min chart.
Use trailing stop if price drops below $92,400.
Avoid entering late; this setup is time-sensitive.
Conclusion:
BTC is showing signs of a temporary pullback. This setup offers a clean short opportunity for those who love catching tops in a volatile market. Stay sharp, stay smart!
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