BTC is currently in a bearish intraday trend. The ongoing rebound is corrective and provides a better opportunity to enter short positions near resistance. Unless price reclaims $70,000 with strong volume, short setups remain the higher-probability trade.
BTCUSDT Perpetual — Short Trade Setup
Market Bias
🔴 Bearish (Short-term continuation)
The market structure and indicators favor selling pullbacks rather than looking for longs.
Trade Parameters
Entry Zone (Short)
📍 $69,200 – $69,600
This zone aligns with intraday resistance and the Supertrend resistance area.
Stop Loss
🛑 $70,100
A clean break above this level invalidates the bearish setup and confirms trend weakness.
Take Profit Targets
🎯 TP1: $68,300 — Previous intraday low and liquidity level
🎯 TP2: $67,600 — Strong support and volume reaction zone
🎯 TP3: $66,800 — Range low and downside expansion target
Reason for Short Bias
1. Market Structure
BTC is forming lower highs and lower lows on the 15-minute timeframe, confirming a short-term bearish trend.
2. Supertrend Indicator (10,3)
Price remains below the Supertrend, which is acting as dynamic resistance around the $69,600 area. As long as BTC trades below this level, bearish pressure remains dominant.
3. Momentum (MACD)
The MACD is still below the zero line. Although the histogram shows slight recovery, it indicates a weak corrective bounce, not a trend reversal.
4. Volume Analysis
Recent green candles show reduced buying volume compared to previous sell-offs, suggesting buyers lack strong conviction.
5. Liquidity Behavior
The bounce from the $68,270 area appears to be a liquidity grab rather than genuine demand, increasing the probability of another bearish continuation.
⚠️ Always manage risk properly. Trade with discipline, not emotion.
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