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Most traders are still long—BTC is about to punish the last bulls standing.
$BTC /USDT - SHORT
Trade Plan:
Entry: 64171.20 – 64323.72
SL: 64979.59
TP1: 63698.36
TP2: 63332.30
TP3: 62783.20
Why this setup?
4H timeframe shows a 95% confidence SHORT bias with 1D trend confirmed bearish. RSI on 15m is already elevated at 67.35, signaling overbought exhaustion. Entry zone: 64,247 with tight invalidation at 64,491. First target? 63,698.
Debate:
Do you trust the 4H breakdown or is this a trap before a fakeout pump?