$BTC



Many people ask why I am making this trade, so here are the reasons:

At the weekly open, the price surged, sweeping liquidity above the previous week's high and the weekend's range high.

Right after that, we see an immediate rejection followed by a decline below all lower time frame bullish trends + shifting the market structure toward bearish.

The rejection occurs precisely at the golden FIB level from the last higher time frame decline, while the overall structure continues to print lower highs and lower lows, confirming that the overall trend remains bearish.

Additionally, the price has been rising slowly with 9 out of the last 10 2D candles closing green, indicating unsustainable movement without proper pullbacks.

That momentum has now faded.

After sweeping liquidity above the high level, the price just closed a 2D bearish engulfing candle, with RSI overbought and MACD turning bearish.

There are many other factors supporting this setup ( CME gap below, etc. ), but purely from a technical and risk-reward perspective, this trade is already worth taking.
BTC0.39%
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What price will Bitcoin hit in April?
โ†“ 75,000
4.17x
24%
โ†‘ 80,000
7.14x
14%
$3.11M Vol+21 more
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GateUser-71c841cf
ยท 6h ago
wow
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GateUser-d3b045d0
ยท 9h ago
During the event, users who complete their first TradFi trade with a trading volume of โ‰ฅ $200 will receive 1 raffle entry.
First TradFi Trading Volume
0
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GateUser-b0fceb64
ยท 9h ago
Paying close attention๐Ÿ”
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usope
ยท 9h ago
During the event, users who complete their first TradFi trade with a trading volume of โ‰ฅ $200 will receive 1 draw entry.
First TradFi Trading Volume
0
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Poukes
ยท 9h ago
okay
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dicky035
ยท 9h ago
beautiful
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Cryptoinfo
ยท 9h ago
Wow, you're really amazing, bro.
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