Nobody's watching
$BTC stall beneath resistance while sellers quietly regain control. This is where disciplined shorts often outperform emotional longs.
$BTC - SHORT 📉
Trade Plan
Entry: 63,740 – 63,820
SL: 63,920
TP1: 63,620
TP2: 63,500
TP3: 63,320
Why this setup?
🔻 Higher Timeframe vs Lower Timeframe: The 1D trend remains under major resistance, while the 1m–5m structure is printing lower highs and showing fading bullish momentum.
📊 RSI Analysis: RSI is recovering from a weak bounce but lacks enough strength to support a sustained breakout, favoring another rejection.
🎯 Expected Move: This setup targets approximately 0.20%, 0.40%, and 0.68% downside from the entry zone, offering a favorable risk-to-reward profile.
⚡ Volatility/ATR: Intraday ATR remains elevated, suggesting quick momentum moves once 63,700 support gives way.
✅ Conviction: As long as 63,920 remains unbroken, sellers retain control. A rejection from the entry zone or a clean breakdown below 63,700 strengthens the bearish continuation toward the TP levels.
Current Price: 63,751.32
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