🔻 $BTC SHORT SETUP – SPIKE TO 70.188 USD REJECTED, DOWNTREND NOT OVER
🔴 (SHORT)
📍 Entry: 68.600 – 69.000
⚡ Leverage: 5x Isolated | R:R 1:2,7
🎯 TP1: 67.450 | TP2: 66.500 | TP3: 65.000
🟢 SL: 70.200
BTC fell 4,2% in 24 hours on 19,2 billion USDT in volume, dropping from a high of 72.048 USD to a low of 67.449 USD. The 1-hour candle spiked to 70.188 USD before being rejected, then formed a series of lower highs at 69.561 – 69.090 – 68.874. Price is now around 68.690 USD, below both the EMA20 at 69.578 and the EMA50 at 70.989. The BTC price premium in the US market has been negative for 51 consecutive days. Liquidations in the most recent hour totaled 70,46 million USD, of which 65,57 million USD were long positions getting wiped out—buying pressure is weakening while sellers remain in control of the 1-hour timeframe. The 65.000 USD level is crucial: trader Killa believes that if this level is lost, the decline could deepen.
⚠️ BTC is highly volatile. A rebound above 70.188 USD would break the lower-high structure; if the 1-hour candle closes above 70.200, the short thesis is invalidated. Exit the trade—do not average up. Hard SL at 70.200.
$BTC
🔴 (SHORT)
📍 Entry: 68.600 – 69.000
⚡ Leverage: 5x Isolated | R:R 1:2,7
🎯 TP1: 67.450 | TP2: 66.500 | TP3: 65.000
🟢 SL: 70.200
BTC fell 4,2% in 24 hours on 19,2 billion USDT in volume, dropping from a high of 72.048 USD to a low of 67.449 USD. The 1-hour candle spiked to 70.188 USD before being rejected, then formed a series of lower highs at 69.561 – 69.090 – 68.874. Price is now around 68.690 USD, below both the EMA20 at 69.578 and the EMA50 at 70.989. The BTC price premium in the US market has been negative for 51 consecutive days. Liquidations in the most recent hour totaled 70,46 million USD, of which 65,57 million USD were long positions getting wiped out—buying pressure is weakening while sellers remain in control of the 1-hour timeframe. The 65.000 USD level is crucial: trader Killa believes that if this level is lost, the decline could deepen.
⚠️ BTC is highly volatile. A rebound above 70.188 USD would break the lower-high structure; if the 1-hour candle closes above 70.200, the short thesis is invalidated. Exit the trade—do not average up. Hard SL at 70.200.
$BTC
