Opening Short (Sky) for Bitcoin
RSI (51.6) is neutral, indicating no immediate overbought/oversold pressure.
Momentum: Negative (-4617), indicating a weakening in short-term strength.
AO: Positive but slowing (1032), warning of bullish fatigue.
ADX: 18.06, indicating a weak trend.
Ichimoku: Price above the baseline (106,349) and conversion (106,176), suggesting support above the current price.
1H VWAP: $104,779 — BTC trading slightly above this, indicating short-term buyers are holding.
📈 Trading Setup
Bias: Neutral to opening short bias due to weakening momentum.
Entry: $104,800
Stop Loss: Above $106,300 (at Ichimoku resistance)
Take Profit: $102,900 (near classic S1)
Confidence Level: 65%
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