🚨 $BTC SHORT SETUP 🚨
BTC is stalling at the top of its range while ETF inflows fade and the Fed meeting approaches. 📉
I'm watching for a SHORT on a rejection rather than chasing the current candle.
Entry: $86,400 – $87,400
TP1: $84,000
TP2: $82,300
TP3: $79,500
SL: $88,300
🔻 Why BTC is on watch
Up about 12% in a month and now at the $84K–$86.6K range resistance. RSI is stretched (60s to 70+). ETF inflows have faded, with only $31.7M on Oct 2. Fed meeting Oct 27-28, with a 10-year yield of 5.17% and oil above $ 100. Analysts see a range of roughly $75.6K–$87.4K, so the top is the better place to short
⚠️ Risks: October is historically strong for BTC, so this is a countertrend trade. A 4H close above $88,300 invalidates the setup. Move your stop to breakeven after TP1, and don't hold through the Oct 28 Fed decision.
Not financial advice. DYOR.$BTC
BTC is stalling at the top of its range while ETF inflows fade and the Fed meeting approaches. 📉
I'm watching for a SHORT on a rejection rather than chasing the current candle.
Entry: $86,400 – $87,400
TP1: $84,000
TP2: $82,300
TP3: $79,500
SL: $88,300
🔻 Why BTC is on watch
Up about 12% in a month and now at the $84K–$86.6K range resistance. RSI is stretched (60s to 70+). ETF inflows have faded, with only $31.7M on Oct 2. Fed meeting Oct 27-28, with a 10-year yield of 5.17% and oil above $ 100. Analysts see a range of roughly $75.6K–$87.4K, so the top is the better place to short
⚠️ Risks: October is historically strong for BTC, so this is a countertrend trade. A 4H close above $88,300 invalidates the setup. Move your stop to breakeven after TP1, and don't hold through the Oct 28 Fed decision.
Not financial advice. DYOR.$BTC