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Everyone’s bullish on BTC, but the 4h data just screamed “SHORT” at 95% confidence — $BTC /USDT is about to trap you.
$BTC /USDT - SHORT
Trade Plan:
Entry: 61438.6 – 61696.2
SL: 62803.6
TP1: 60640.3
TP2: 60022.2
TP3: 59095.0
Why this setup?
Why now? The 1D trend is bearish, and RSI on the 15m shows a dead cat bounce at 63.44 — classic exhaustion before a dump. Entry zone is tight at 61438.6–61696.2, with TP1 at 60640.3 and TP2 at 60022.2. ATR on the 1h is 515 — enough volatility to trigger the slide fast.
Debate:
Are you shorting this bounce or waiting for a fakeout above 61.7k first?