I’m shorting BTC at 62.5k while the 4h RSI screams oversold—here’s why I might be wrong.



$BTC /USDT - LONG

Trade Plan:
Entry: 62295.88 – 62718.70
SL: 59868.92
TP1: 64486.06
TP2: 65805.25
TP3: 67784.02

Why this setup?
84% confidence in LONG direction on the 4h timeframe, despite the daily bearish trend. The 15m RSI at 36.26 is already flashing oversold, and the 1h ATR of 845 shows volatility is compressing—often a precursor to a breakout. The entry zone between 62,295 and 62,718 is tight, with TP1 at 64,486 offering a +3.2% risk-to-reward if the daily trend flips. The contrarian play: buy the dip before the dead cat bounce traps shorts.

Debate:
Is the daily bearish trend just a shakeout before a 4h reversal, or are we catching a falling knife?
BTC-5.6%
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