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No one sees the 4H trap on BTC — but the data just flipped 95% bearish.
$BTC /USDT - SHORT
Trade Plan:
Entry: 62630.01 – 62818.09
SL: 63626.85
TP1: 62046.95
TP2: 61595.55
TP3: 60918.44
Why this setup?
- RSI at 55 on 15m is barely a bounce, not a reversal.
- ATR shows high volatility — 1H range of 376 is ripe for a fast breakdown.
- Trend1D is bearish, and entry ref 62,724 sits below daily resistance — the "why now" is the confluence of local exhaustion and macro weakness.
Debate:
Are we front-running TP2 at 61,595 or waiting for a retest of 62,724?