BTC Short Setup | Supply Zone in Focus
$BTC is back at the $63,700–$63,900 supply area, putting bears in a potentially important position.
The previous move played out according to the expected structure: BTC bounced from the lower zone and recovered into premium territory. Now price is testing supply again, where a rejection could open the door for another leg lower.
Trade Plan
Entry: $63,700–$63,900
TP1: $63,000
TP2: $62,500
TP3: $62,000
TP4: $61,500
Stop Loss: $64,750
The key confirmation would be a clear rejection from the supply zone followed by increasing selling pressure. If BTC instead breaks above $64K and continues toward $64,750, the bearish setup loses strength.
I’m also watching $ETH , $SOL and $XRP for potential downside opportunities if BTC confirms the rejection.
No need to chase the move. Let price react at the key level, manage risk carefully, and respect the invalidation.
#Binance #BTC #Bitcoin #CryptoTrading
$BTC is back at the $63,700–$63,900 supply area, putting bears in a potentially important position.
The previous move played out according to the expected structure: BTC bounced from the lower zone and recovered into premium territory. Now price is testing supply again, where a rejection could open the door for another leg lower.
Trade Plan
Entry: $63,700–$63,900
TP1: $63,000
TP2: $62,500
TP3: $62,000
TP4: $61,500
Stop Loss: $64,750
The key confirmation would be a clear rejection from the supply zone followed by increasing selling pressure. If BTC instead breaks above $64K and continues toward $64,750, the bearish setup loses strength.
I’m also watching $ETH , $SOL and $XRP for potential downside opportunities if BTC confirms the rejection.
No need to chase the move. Let price react at the key level, manage risk carefully, and respect the invalidation.
#Binance #BTC #Bitcoin #CryptoTrading