$BTC is strongly bearish. The 4-hour chart shows a pattern of consistently forming lower highs and lower lows.
Price is currently trading below EMA9 (81550) and EMA21 (81850). Both EMAs are sloping downward and acting as dynamic resistance above the current price.
$BTC Short Setup (Preferred)
· Short entry: 81500 - 81900
(Retest of the EMA resistance zone)
· Stop loss: Above 82750
· Take profit 1: 80800 (recent swing low)
• Take profit 2: 79800 (structural low)
Support me by trading here 👇#btc #bitcoin
Price is currently trading below EMA9 (81550) and EMA21 (81850). Both EMAs are sloping downward and acting as dynamic resistance above the current price.
$BTC Short Setup (Preferred)
· Short entry: 81500 - 81900
(Retest of the EMA resistance zone)
· Stop loss: Above 82750
· Take profit 1: 80800 (recent swing low)
• Take profit 2: 79800 (structural low)
Support me by trading here 👇#btc #bitcoin