BTC has successfully broken above $83K, and the market sentiment has quickly shifted bullish. Retail traders are now aggressively entering long positions, which could create the perfect environment for another liquidity move toward the downside.
From a technical perspective, BTC is approaching a potential reversal zone, while RSI divergence is starting to appear. If the price reaches my planned entry zone and confirms the setup, I’ll be looking for a short opportunity.
I’m not chasing the market. I waited patiently for the setup to come to my entry zone, and once the market reached my zone and gave the confirmation I was looking for, I took the entry.
If the technical structure remains valid, this could develop into a strong short setup.