BTC is retesting the $77,000–$77,100 zone after being rejected at the 4h EMA20, suggesting selling pressure still dominates in the short term.
$BTC – SHORT
Trading plan:
Entry: $76,969.59 – $77,099.55
SL: $77,684.38
TP1: $75,864.91
TP2: $75,301.74
TP3: $74,651.93
Why this setup?
• The 4h trend is SHORT; EMA20=$77,845.13, EMA50=$78,970.86.
• RSI 15m=59.3; RSI 4h=42.1.
• ATR 1h=$433.21; entry is around the current price, with an R:R of 1.8 for TP1.
The case:
If the 4h chart maintains its downward momentum, price could reach the daily support at $76,325; conversely, a break above the EMA20 at $77,845 could trigger the SL and send BTC to retest resistance at $84,898.
Click here to trade 👇
$BTC – SHORT
Trading plan:
Entry: $76,969.59 – $77,099.55
SL: $77,684.38
TP1: $75,864.91
TP2: $75,301.74
TP3: $74,651.93
Why this setup?
• The 4h trend is SHORT; EMA20=$77,845.13, EMA50=$78,970.86.
• RSI 15m=59.3; RSI 4h=42.1.
• ATR 1h=$433.21; entry is around the current price, with an R:R of 1.8 for TP1.
The case:
If the 4h chart maintains its downward momentum, price could reach the daily support at $76,325; conversely, a break above the EMA20 at $77,845 could trigger the SL and send BTC to retest resistance at $84,898.
Click here to trade 👇
