BTC is trading around $80,042, retesting the 4h EMA20 zone ($80,549) but facing rejection. The 4h RSI at 43.2 indicates selling momentum remains strong.
$BTC – SHORT
Trade plan:
Entry: $79,979.20 – $80,105.48
SL: $80,673.75
TP1: $78,905.81
TP2: $78,358.59
TP3: $77,727.18
Why this setup?
• The 4h trend is SHORT; EMA20=$80,548.85, EMA50=$81,316.93.
• RSI 15m=51.6; RSI 4h=43.2.
• ATR 1h=$420.94; entry is near the current price, with a 1.8 R:R at TP1.
Discussion:
If the price stays below EMA20, the path to TP1 at $78,905 is fairly clear. However, a breakout above $80,674 would hit the SL and could lead to a retest of the daily resistance at $84,898.
Click here to trade 👇
$BTC – SHORT
Trade plan:
Entry: $79,979.20 – $80,105.48
SL: $80,673.75
TP1: $78,905.81
TP2: $78,358.59
TP3: $77,727.18
Why this setup?
• The 4h trend is SHORT; EMA20=$80,548.85, EMA50=$81,316.93.
• RSI 15m=51.6; RSI 4h=43.2.
• ATR 1h=$420.94; entry is near the current price, with a 1.8 R:R at TP1.
Discussion:
If the price stays below EMA20, the path to TP1 at $78,905 is fairly clear. However, a breakout above $80,674 would hit the SL and could lead to a retest of the daily resistance at $84,898.
Click here to trade 👇
