"$BTC — short setup emerging: what I’m seeing now"
After a strong rally to $111,800, BTC is showing signs of exhaustion:
– Multiple failed attempts to break resistance ($111,800)
– Declining volume on recent pushes up
– MACD and RSI signaling overbought conditions
– Potential bearish divergence forming on H1–H4
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Trade idea (not financial advice):
– Short entry: only after confirmation below $110,500 (1H/4H close)
– Stop-loss: $111,900
– Take-profit targets: $109,000 / $107,500 / $105,800
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Watch for:
1. Candle close below $110,500 (1H or 4H)
2. Volume reaction — increasing sell volume confirms weakness
3. Reaction around $109,000 — could bounce
4. News or political updates — the market is hypersensitive lately