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Is BTC above 62,700 turning into a long liquidation graveyard?
$BTC /USDT - Short
Trading plan:
Entry: 62619.2 – 62781.8
SL: 63481.4
TP1: 62114.8
TP2: 61724.4
TP3: 61138.7
Why focus on this structure?
- On the 4-hour timeframe, the trend is clearly bearish, with 95% confidence pointing to SHORT
- On the 15-minute chart, RSI is only 60; the rebound has no strength, and the EMA pressure is obvious
- Around 62,700, it’s daily resistance plus a bearish positioning cluster; a pullback is the entry point
- TP1 62114, TP2 61724, and SL at 63481.4 to protect
Discussion:
For this 62,700 short—are you waiting for a pullback to enter, or have you already placed the order?