📉 Short Signal - $BTC - Selling Pressure, Breaking Important Support
Entry: 74,800 - 75,200 USDT
✅️ TP1: 73,500 USDT
✅️ TP2: 72,000 USDT
❌ SL: 76,500 USDT
Why Short?
1️⃣. Market structure is broken: $BTC just experienced a strong drop from the 79,000 USDT region down to 74,800 USDT. Closing below the psychological support level of 75,000 USDT on the 15M and 1H timeframes indicates that the Bears are fully in control of the market.
2️⃣. Volume of sales surged: Looking at the most recent 1H candles, the selling volume reached 25,613 BTC — many times higher than previous recovery phases. This is a sign of panic and widespread liquidation of Long positions.
3️⃣. Downtrend on larger timeframe (4H): The 4H timeframe just closed a solid red candle with a short lower wick, indicating that the buying support is not strong enough to stop the decline. Prices are below the short-term moving averages, confirming a deep correction after a hot uptrend.
4️⃣. Outflow of funds: A 24h negative volatility of nearly 5% along with continuously creating lower highs and lower lows is the clearest evidence of a short-term downtrend forming.
Trade $BTC by clicking on the chart below 👇
