Bitcoin (BTC/USDT) – 1H Short Setup | Key Resistance Rejection
2025-02-05
Category: None

📉 Bitcoin (BTC/USDT) – 1H Short Setup | Key Resistance Rejection

Bitcoin has reacted strongly to a major resistance zone, showing clear bearish pressure and signaling a potential downside move. Here’s a breakdown of this short trade setup:

✅ Resistance Levels: Price has faced rejection at two key resistance zones, indicating strong selling pressure.

🔻 Entry Point & Market Trend: After testing resistance, BTC is showing signs of a downtrend, making it a favorable short trade opportunity.

🔴 Stop Loss: Placed at 99,050 USDT, ensuring proper risk management.

🎯 Take Profit Targets:

First Target: 95,160 USDT – Ideal for short-term traders.

Second Target: 90,086 USDT – Aiming for a deeper move for higher profit potential.


📊 Technical Analysis Insights:

Bearish candlestick patterns confirm sellers' dominance.

Volume indicators suggest increasing selling pressure.

Momentum indicators point toward a potential continuation of the downtrend.


🚀 Could this be the next big BTC dump? Drop your thoughts in the comments!

#Bitcoin #CryptoTrading #BTCUSDT #TradingView #ShortTrade