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BTC one bearish candle wipes out three days, are bears setting up?
$BTC /USDT - SHORT
Trade Plan:
Entry: 63319.50 – 63552.34
SL: 64553.53
TP1: 62597.71
TP2: 62038.91
TP3: 61200.70
Why focus on this structure?
- The 4-hour trend is clearly bearish, and the 1D trend is also bearish, multi-timeframe alignment.
- RSI on the 15m is only 41.75, weak bounce, bearish momentum not yet exhausted.
- Current price at 63435.92, near EMA resistance zone, exactly the window to enter SHORT.
Discussion:
Will it first reach TP1 at 62597, or go straight to TP2 at 62038?