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Last hurrah for BTC bulls? Bearish locked in on 4-hour timeframe
$BTC /USDT - SHORT
Trading Plan:
Entry: 62095.77 – 62312.41
SL: 63243.95
TP1: 61424.19
TP2: 60904.26
TP3: 60124.36
Why focus on this structure?
- 1D trend clearly bearish, 4h EMA capping any bounce.
- 15m RSI at just 55.65, not yet overbought — bears haven't fully engaged.
- Current price 62204 coincides with 4h resistance, presenting an entry window.
Discussion:
Will this short hit TP1 61424 first, or will there be a fakeout pump to trap longs?