$BTC SHORT SETUP - SHOWING STRONG SELLING PRESSURE after losing the $75,000 support zone ⚠️🔻⚠️
Entry $74,500 - $74,800
TP1 $73,750 65%
TP2 $73,350 25%
Final TP $71,800
Stop-Loss $75,250
If sellers break this Support zone $73,750 - $73,333 with confirmation the next downside level to watch is $71,800.
BTC is trading below its 15m, 1H and 4H EMA20/EMA50 while MACD remains negative and if we look at RSI is deeply oversold so a relief bounce is possible before another downside move.
But if buyers reclaim $74,800 and push above $75,250 with strong volume this short setup could be invalidate Wait for a proper rejection from the entry zone before opening a position
Trade $BTC
Entry $74,500 - $74,800
TP1 $73,750 65%
TP2 $73,350 25%
Final TP $71,800
Stop-Loss $75,250
If sellers break this Support zone $73,750 - $73,333 with confirmation the next downside level to watch is $71,800.
BTC is trading below its 15m, 1H and 4H EMA20/EMA50 while MACD remains negative and if we look at RSI is deeply oversold so a relief bounce is possible before another downside move.
But if buyers reclaim $74,800 and push above $75,250 with strong volume this short setup could be invalidate Wait for a proper rejection from the entry zone before opening a position
Trade $BTC
