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Has the BTC bulls’ last line of defense been broken?
$BTC /USDT - Going SHORT
Trading plan:
Entry: 62,545.3 – 62,709.7
SL: 63,417.0
TP1: 62,035.4
TP2: 61,640.6
TP3: 61,048.5
Why focus on this structure?
- The 1D trend is clearly bearish, with a 95% confidence in the 4H bearish signal
- Current price 62,627.5 is right at the EMA, and RSI on 15m is only 61—rebound lacks strength
- Why now? With SL at 63,417, once it breaks 62,545.3, the shorts accelerate to TP1 62,035
Discussion:
Will this move hit TP2 61,640 first, or is it a bull trap/reversal?