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Bearish signal is already at 95%. Is BTC really going to break below 62,000 this time?
$BTC /USDT - SHORT
Trading plan:
Entry: 62561.15 – 62717.79
SL: 63391.35
TP1: 62075.56
TP2: 61699.61
TP3: 61135.70
Why focus on this setup?
- The 4-hour EMA and RSI align to show bearish dominance; the 15-minute RSI is only 55.38, and the rebound has no strength.
- The 1D trend is clearly bearish. The current price 62639 is near the entry zone; TP1 is 62075, and TP2 is 61699.
- Why now? ATR 1h is 313, volatility is expanding, and the bearish momentum hasn’t faded.
Discussion:
Will this move hit TP2 first, or is it a bear-trap rebound? Did you place your orders?