BTCUSDT Trade Log 
2024-12-14
Category: None

BTCUSDT 1H Short Setup   

 Trade Idea:   
- Short from the micro FVG in a premium zone after rejecting an Order Block (OB).  

 Confluence:   
-  Rising Wedge:  Bearish wedge structure showing signs of exhaustion.  
-  Bearish Divergences:  RSI and CVD indicate weakening momentum.  
-  Macro Pressure:  Bybit fined in the Netherlands for fraud; Flow Traders withdrew €157M in BTC—both signal potential bearish sentiment.  

 Risk-Reward:   
- Tight stop-loss above the OB/FVG zone.  
- 1:2 RRR targeting liquidity levels below $98,000.  

 Quick Take:   
Macro events and bearish divergences align for a strong short opportunity. Stay cautious of volatility and confirm rejection before full entry!