🔻 Short Setup for Bitcoin based on 4 hour time frame
Entry (Short): $106,700
Stop Loss: $107,300 (just above recent consolidation highs)
Take Profit 1: $105,500 (previous support zone)
Take Profit 2: $104,200 (next major support level)
⚙️ Rationale
MACD is bearish (MACD line is below signal line and histogram is negative).
Price rejection from the local high of ~$112K and now consolidating with downward pressure.
Volume is declining, suggesting bulls are losing momentum.
Closest support: ~$105,500 and ~$104,200 zones.
⚠️ Scalping Tips
Move SL to break-even after TP1 hits.
Watch for sudden volume spikes — they can invalidate setups fast.
Only enter if price fails to reclaim $107K with strength.
trade here