Short-Term Bearish Setup with Potential Entry Points
2024-11-05

Bitcoin is showing weakness on the 4-hour time frame but hasn't completely broken the daily swing low to confirm a mid-term downtrend. The 4-hour chart is bearish, and I'm expecting another small leg up to the premium level (above the 0.5 Fibonacci level). I've marked two potential entry areas with star icons and their targets.

Two Great Entries:

Short Limit: 70,750 (1-hour FVG Area)
Second Entry: 69,553 (only after the first limit is hit or missed)

Stop Loss: 71,712 (above the recent swing high)

Target: 63,123

Good luck!