BTC/USDT Trade Setup — 16 Aug 2026
BTC is currently around $63,000. Recent market data shows BTC struggling to reclaim the $64,000 area, so I’d stay cautious rather than chase a trade. �
Yahoo Finance +1
🔴 SHORT setup
Entry: $63,400–$63,800 after rejection
Stop Loss: $64,600
TP1: $62,500
TP2: $61,500
TP3: $60,500
🟢 LONG setup
Wait for a strong 15M/1H candle close above $64,000
Entry: $64,000–$64,300 on successful retest
SL: $63,200
TP1: $65,000
TP2: $66,000
Best choice right now: Wait for confirmation. Below $64K, short setups have the cleaner structure; above $64K with a successful retest, the long setup becomes more attractive.
#BTC $BTC
BTC is currently around $63,000. Recent market data shows BTC struggling to reclaim the $64,000 area, so I’d stay cautious rather than chase a trade. �
Yahoo Finance +1
🔴 SHORT setup
Entry: $63,400–$63,800 after rejection
Stop Loss: $64,600
TP1: $62,500
TP2: $61,500
TP3: $60,500
🟢 LONG setup
Wait for a strong 15M/1H candle close above $64,000
Entry: $64,000–$64,300 on successful retest
SL: $63,200
TP1: $65,000
TP2: $66,000
Best choice right now: Wait for confirmation. Below $64K, short setups have the cleaner structure; above $64K with a successful retest, the long setup becomes more attractive.
#BTC $BTC