#BTC đ Observations:
⢠Price: 113,175.15, currently rejecting after testing ~113,401 resistance.
⢠Trend: The short-term trend is still bearish overall (lower highs, lower lows), despite the recent bounce.
⢠Bollinger Bands: Price moved up to the middle band (113,061), rejected near the upper band, and is now pulling back. This indicates selling pressure near resistance.
⢠Candles: The last candle shows strong selling after the rejection, suggesting momentum is shifting back to the downside.
⢠Order Book: 89.35% of pressure is on the sell side, with only 10.65% on buy side â bearish signal.
đ Short Trade Signal
⢠Entry Zone: Around 113,150 â 113,200 (current level).
⢠Target 1: 112,950
⢠Target 2: 112,650 (recent low support).
⢠Stop Loss: Above 113,500 (above recent rejection and upper resistance).
â ď¸ This is a scalp setup (short-term trade) since youâre on 15m. If BTC breaks above 113,500 with volume, short bias becomes invalid.#MarketRebound
