While everyone’s hyped on the SYMBOL bounce, the 4H chart is telling another story.
$BTC /USDT - SHORT SETUP
Trade Plan:
Entry Zone: 63661.59 – 63725.41
Stop Loss: 64459.64
Take Profits: TP1 63118.89 | TP2 62735.82 | TP3 62161.22
Why I’m looking short:
- Higher timeframe alignment: Daily is still bearish and my MTF model just switched to SHORT with ~85% conviction.
- Momentum is weak: 15m RSI at 35.57. That’s distribution, not buyers stepping in.
- Price action: We’re sitting right in the entry at 63693.50. If 63661 gives way, the next stops are 63118 and 62735. Path of least resistance is down.
- Timing: Setup is “Armed” now. Invalidation at 64628 is close, so risk is defined and R:R is attractive before the next drop.
The real question:
Are you shorting this relief bounce, or will the 1H ATR of 212 spike us and take out the short?
$BTC /USDT - SHORT SETUP
Trade Plan:
Entry Zone: 63661.59 – 63725.41
Stop Loss: 64459.64
Take Profits: TP1 63118.89 | TP2 62735.82 | TP3 62161.22
Why I’m looking short:
- Higher timeframe alignment: Daily is still bearish and my MTF model just switched to SHORT with ~85% conviction.
- Momentum is weak: 15m RSI at 35.57. That’s distribution, not buyers stepping in.
- Price action: We’re sitting right in the entry at 63693.50. If 63661 gives way, the next stops are 63118 and 62735. Path of least resistance is down.
- Timing: Setup is “Armed” now. Invalidation at 64628 is close, so risk is defined and R:R is attractive before the next drop.
The real question:
Are you shorting this relief bounce, or will the 1H ATR of 212 spike us and take out the short?