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The final celebration for BTC longs? 4-hour signal flashes red
$BTC /USDT - SHORT
Trade Plan:
Entry: 62462.0 – 62686.2
SL: 63649.8
TP1: 61767.3
TP2: 61229.5
TP3: 60422.7
Why focus on this structure?
- 1D trend clearly bearish, 4h direction SHORT, confidence 95%
- 15m RSI at only 30.17, oversold but not reversed, bearish momentum is strong
- Current price 62574 is close to the entry range, TP1 at 61767 (-1.3%), TP2 at 61229 (-2.1%)
- Why now? 1h ATR 448 points, volatility contraction often leads to an explosion, higher probability of downside breakout
Discussion:
Do you think this wave will first hit TP2 then bounce back, or directly spike to trap shorts then squeeze up?