Bitcoin is flashing short — and the 4h trend backs it up.
$BTC is sitting below a bearish EMA stack on the 4h, with price under EMA50 and EMA50 under EMA200. Sellers stay in control while that stack holds.
The setup:
Entry: 71,614.47 – 71,791.73
TP1: 70,379.93 (-1.8%)
TP2: 69,497.81 (-3.1%)
TP3: 68,174.64 (-4.9%)
SL: 73,467.33 (+2.5%)
Plan: bank 50% at TP1, 25% at TP2 and the final 25% at TP3, then move the stop to entry once TP1 hits. Up to 2.00R if all three targets land, with 6 of 12 signals aligned and 69% confidence on the call.
One warning: the move looks washed out — 1h RSI is at 21.1, deep in oversold territory, so sharp bounces from here are common. Size accordingly.
Do you agree this short is worth taking?
Personal market analysis only. Not financial advice — manage risk and DYOR.
$BTC is sitting below a bearish EMA stack on the 4h, with price under EMA50 and EMA50 under EMA200. Sellers stay in control while that stack holds.
The setup:
Entry: 71,614.47 – 71,791.73
TP1: 70,379.93 (-1.8%)
TP2: 69,497.81 (-3.1%)
TP3: 68,174.64 (-4.9%)
SL: 73,467.33 (+2.5%)
Plan: bank 50% at TP1, 25% at TP2 and the final 25% at TP3, then move the stop to entry once TP1 hits. Up to 2.00R if all three targets land, with 6 of 12 signals aligned and 69% confidence on the call.
One warning: the move looks washed out — 1h RSI is at 21.1, deep in oversold territory, so sharp bounces from here are common. Size accordingly.
Do you agree this short is worth taking?
Personal market analysis only. Not financial advice — manage risk and DYOR.
