Will Bitcoin break below 64,000? This short signal is too strong.



$BTC /USDT - SHORT

Trading plan:
Entry: 64,445.6 – 64,534.6
SL: 64,917.0
TP1: 64,169.9
TP2: 63,956.5
TP3: 63,636.3

Why focus on this structure?
Why now?
- On the 4-hour timeframe, the bearish trend is established, and the daily chart favors the shorts.
- RSI on the 15-minute chart is 69.76, nearing overbought; rebound momentum is fading.
- Enter around 64,490, set SL at 64,917, and the risk/reward is about 1:2.
- If it breaks below 64,445, TP1 at 64,170 and TP2 at 63,956 are in play.

Discussion:
Will this short hit TP2 first, or will it be a bull trap that triggers the stop loss? Comment your bet.
BTC1.23%
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