Trade Idea for BTC/USD ( SELL LIMIT )
2025-02-08
Category: None

Technical Justification:
	•	Daily Chart: Price has hit a significant resistance area (around $104,000) and is showing signs of a pullback. MACD is still positive but losing momentum. RSI is 43, indicating a cooling-off period.
	•	15-Min Chart: Price is showing lower highs, suggesting a weakening bullish trend. MACD is slightly negative, confirming downside momentum.
	•	3-Min Chart: Shows a clear downtrend structure, indicating short-term weakness. RSI is oversold at 24, which suggests a small bounce before further decline.
	•	Fundamental Justification:
	•	Market Sentiment: BTC recently had a strong rally but is now in a consolidation/pullback phase.
	•	Liquidity Grab: Market makers likely triggered stop-loss orders near highs, and we could see a correction before another move.

Trade Execution

Entry: $96,800 (Near current price, after minor retracement)

Stop Loss (SL): $98,000 (Above recent structure high)

Take Profit (TP): $94,400 (2:1 RRR, targeting next support)


