$BTC – Bearish daily trend confirmed with 4-hour EMA resistance capping upside



Trade Setup: Short $BTC

• Entry Zone: 63878.729872 – 63941.266664

• Target 1: 63684.865816
• Target 2: 63534.777514
• Target 3: 63309.645062

• Stop Loss: 64210.174871

The 15-minute Relative Strength Index registers at 36.57, approaching oversold territory while still declining. The 4-hour exponential moving average cluster near 63,908 is acting as resistance. The 1-hour Average True Range of 232 provides sufficient volatility to reach the first objective at 63,684 rapidly. The daily bias remains bearish with the short setup activated, as momentum favors continuation rather than reversal.

Just click trade here 👇 ‌
BTC1.63%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned