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Everyone’s still buying the dip, but BTC just triggered a 95% confidence short trap.
$BTC /USDT - SHORT
Trade Plan:
Entry: 62476.9 – 62793.7
SL: 64155.5
TP1: 61495.1
TP2: 60735.0
TP3: 59594.8
Why this setup?
4H timeframe shows a bearish trend with RSI at 45.55 on the 15m—no momentum for a bounce. ATR volatility is high at 633, and price is hugging the 1H pivot near 62,638. The short setup is armed with TP1 at 61,495 and a tight SL at 64,155. Why now? The daily trend confirms the slide, and this structure favors continuation, not reversal.
Debate:
Are you shorting the breakdown or waiting for a fakeout above 62,793?