$BTR /USDT | Sellers Still Have the Upper Hand?
BTR is showing signs of weakness, with both daily and 4H market structures leaning bearish. I'm watching for another move lower, but I don't want to ignore the short-term buying pressure.
Potential Short Zone: 0.0473788 – 0.0475212
Profit Levels:
TP1: 0.0463904
TP2: 0.0456840
TP3: 0.0446244
Invalidation: 0.0488628
The price remains under the EMA50 and EMA200, which keeps the broader outlook under pressure. However, the 1H RSI near 59.5 suggests buyers haven't completely stepped aside.
I'd rather wait for sellers to show some strength before committing. If the setup develops as expected, I'll secure partial profits along the way and protect the position after the first target.
Conviction: Moderate | Risk: Keep it small.
Let's see whether sellers can take control again.
DYOR. Trade responsibly.
#BTCRebounds80K #USMidterms-WhatAreMarketsExpecting?
BTR is showing signs of weakness, with both daily and 4H market structures leaning bearish. I'm watching for another move lower, but I don't want to ignore the short-term buying pressure.
Potential Short Zone: 0.0473788 – 0.0475212
Profit Levels:
TP1: 0.0463904
TP2: 0.0456840
TP3: 0.0446244
Invalidation: 0.0488628
The price remains under the EMA50 and EMA200, which keeps the broader outlook under pressure. However, the 1H RSI near 59.5 suggests buyers haven't completely stepped aside.
I'd rather wait for sellers to show some strength before committing. If the setup develops as expected, I'll secure partial profits along the way and protect the position after the first target.
Conviction: Moderate | Risk: Keep it small.
Let's see whether sellers can take control again.
DYOR. Trade responsibly.
#BTCRebounds80K #USMidterms-WhatAreMarketsExpecting?
