đš $BTC broke support. Shorting now could be the trap.
The latest closed H1 candle finished at $82,931.1. BTC fell from $85,146, broke below $83,130 and briefly hit $82,617.8. Selling was strong, but price is already close to a fresh low.
My bias: BEARISH â NO ENTRY YET.
Iâm watching for an H1 close below $82,617.8, then a bounce into $82,620â$82,900 that fails. Only then does the Short setup take shape:
SL $83,500 · TP1 $81,142.7 (2.2R) · TP2 $80,095.9 (3.6R)
An H1 close above $83,500 ends this bearish idea. The recent range may be developing into Wyckoff redistribution, but that is not confirmed.
Would you wait for the failed retestâor risk shorting right into the low?
$BTC #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $82,931.1. BTC fell from $85,146, broke below $83,130 and briefly hit $82,617.8. Selling was strong, but price is already close to a fresh low.
My bias: BEARISH â NO ENTRY YET.
Iâm watching for an H1 close below $82,617.8, then a bounce into $82,620â$82,900 that fails. Only then does the Short setup take shape:
SL $83,500 · TP1 $81,142.7 (2.2R) · TP2 $80,095.9 (3.6R)
An H1 close above $83,500 ends this bearish idea. The recent range may be developing into Wyckoff redistribution, but that is not confirmed.
Would you wait for the failed retestâor risk shorting right into the low?
$BTC #Wyckoff #SMC
Paper analysis only. Not financial advice.
