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Is BTC's rebound just a trap? Bears lock in 95% win rate
$BTC /USDT - SHORT
Trade Plan:
Entry: 62684.6 – 62879.6
SL: 63718.3
TP1: 62080.0
TP2: 61611.9
TP3: 60909.7
Why focus on this structure?
The 1D trend is clearly bearish, with a 4h bearish signal strength of 95%. The price is currently trading below the EMA, and the 15m RSI at 55.9 shows a weak rebound, making it the right time to add shorts. TP1 at 62080 is within reach, with a risk-reward ratio over 3:1.
Discussion:
Will the price first hit TP2 at 61611, or break the previous low directly?