📉 BTC/USDT Short Setup – 1H Chart Analysis
Timeframe: 1H
🧠 Technical Breakdown:
BTC is trading within an ascending channel (blue lines), forming a short-term upward structure following the recovery from the $102,614 low.
The price is currently testing the upper channel resistance, showing signs of exhaustion.
A rejection occurred right near the MA(25) at $105,050, and the price is now consolidating below this level.
The purple dotted trendlines indicate a larger descending wedge pattern, but BTC has not yet broken above it significantly.
The volume profile is declining on the recent rise, suggesting bullish momentum may be weakening.
A bearish divergence may also be forming, as price makes higher highs with lower volume.
🔧 Short Setup:
Entry: $105,300 – $105,500 (upon rejection confirmation)
Target 1: $103,729 (previous horizontal support)
Target 2: $102,286 (local swing low)
Stop-Loss: $106,614 (above channel and horizontal resistance)
⚠️ Risk Note:
This is a short-term intraday setup based on the 1-hour chart. Always use proper risk management. Monitor volume and price action closely around key support levels.
this is just my pridiction , open the trade at your own analysis and your own risk..
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