Current choppy consolidation around 1.72 is merely a resting phase after the liquidation cascade. Given the heavy overhead supply and broken structure, the market favors Shorts on relief rallies rather than blindly catching falling knives
$BTW Short Setup · Entry Short: 1.80 - 1.85 (Waiting for a relief rally to retest breakdown structure) · Stop Loss: above 1.97 · Take Profit: 1.70, 1.60 then 1.56