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Everyone is still buying the dip, but BTC 4h structure just confirmed a 95% probability short.
$BTC /USDT - SHORT
Trade Plan:
Entry: 62798.09 – 62954.87
SL: 63629.06
TP1: 62312.05
TP2: 61935.76
TP3: 61371.32
Why this setup?
RSI on 15m is already down to 37.18 — that’s not a bounce zone, that’s momentum exhaustion. With 1D trend bearish and ATR wide at 313, the path of least resistance is a flush to TP2 at 61,935. Why now? Because entry ref at 62,876 is sitting right under prior support turned resistance.
Debate:
Are you scaling into shorts here or waiting for a retest of 62,954?