BTC is in an area that needs monitoring: the 4h trend leans toward SHORT, while the 15m RSI at 34.5 may cause short-term volatility.
$BTC – SHORT
Trading plan:
Entry: $83,494.44 – $83,635.56
SL: $84,270.64
TP1: $82,294.84
TP2: $81,683.29
TP3: $80,977.64
Why this setup?
• The 4h trend is SHORT, with EMA20 at $83,727.46 and EMA50 at $84,220.52, confirming downward momentum.
• The 15m RSI is at 34.5; the 4h RSI is at 51.6—wait for price to react in the entry zone.
• The 1h ATR is $470.43; TP1 is set using a profit/risk ratio of 1.8.
Debate:
Is the short-term momentum enough to confirm the move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$BTC – SHORT
Trading plan:
Entry: $83,494.44 – $83,635.56
SL: $84,270.64
TP1: $82,294.84
TP2: $81,683.29
TP3: $80,977.64
Why this setup?
• The 4h trend is SHORT, with EMA20 at $83,727.46 and EMA50 at $84,220.52, confirming downward momentum.
• The 15m RSI is at 34.5; the 4h RSI is at 51.6—wait for price to react in the entry zone.
• The 1h ATR is $470.43; TP1 is set using a profit/risk ratio of 1.8.
Debate:
Is the short-term momentum enough to confirm the move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
