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Most traders are still long, but BTC is about to break its 4h support—here’s the contrarian short setup.
$BTC /USDT - SHORT
Trade Plan:
Entry: 62981 – 63315
SL: 64752
TP1: 61945
TP2: 61142
TP3: 59939
Why this setup?
Why now?
- 1D trend is bearish, and 4h RSI just hit 64.19—overbought on lower timeframes.
- Entry zone 63,148 with tight stop at 64,752 gives a 2.4:1 risk/reward to TP1 (61,945).
- ATR of 668 on 1h suggests volatility is expanding, not contracting.
Debate:
Are you fading this short or waiting for a bounce to re-enter long?