BTC 63900: False Breakout or Genuine Bull Trap?



$BTC /USDT - SHORT

Trade Plan:
Entry: 63807.82 – 63994.16
SL: 64795.46
TP1: 63230.14
TP2: 62782.91
TP3: 62112.06

Why focus on this structure?
Bearish signal confirmed on the 4H timeframe, with 95% confidence pointing to SHORT. EMA resistance is clear, RSI on the 15-minute chart is only 56.02, indicating weak bounce momentum. Current price is around 63900, the exact entry window—why now? Because the 1D trend is clearly bearish, ATR volatility is moderate, and the stop loss is set clearly at 64795 with a risk-reward ratio exceeding 1:2. The short targets are TP1 63230, TP2 62782, with room to the downside already open.

Discussion:
Will this bearish move first hit TP2 then bounce, or directly trigger a bull trap to take out stops? Which side are you on?
BTC2.26%
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