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Is BTC’s rebound just a false long trap?
$BTC /USDT - go short SHORT
Trading plan:
Entry: 62400.2 – 62575.0
SL: 63326.6
TP1: 61858.3
TP2: 61438.8
TP3: 60809.5
Why focus on this structure?
- The 1D trend is clearly bearish; with 4h EMA resistance, rebound momentum is insufficient.
- The 15m RSI is 60.04, nearing the overbought area, increasing short-term pullback pressure.
- Around 62487.6 is a SHORT opportunity: TP1 61858.3, SL 63326.6.
- Why now? RSI is high + daily-line bears, and the rebound has already reached the resistance zone.
Discussion:
Will this move first reach TP2 at 61438, or will it hit SL first?