Bitcoin
Short

Bitcoin Short Setup –Supply Zone Rejection Trade Plan (1H Chart)

234
(BTC/USD – Technical Setup)

🔵 Trend Setup:

⬆️ Resistance Line – Price is struggling to break above this level.

⬇️ Support Line – Price bounced several times here before breaking down.

🟢 EMA 70 – Currently around 104,435.9, acting as dynamic support/resistance.


📍 Key Levels:

🔴 Stop Loss Zone:
107,488.4 to 107,402.4
(🚨 Strong resistance, limit losses!)

🟡 Entry Point:
106,026.8
(🟨 Inside the Supply Zone – Ideal for Sell)

🟦 Supply Zone:
106,026.8 to 107,402.4
(⚠️ High selling pressure expected here!)

🔵 Break of Structure (BOS):
Price broke below the rising support line
(📉 Bearish confirmation!)

🎯 Target Point:
99,000.0
(💰 Take Profit Target!)


🔻 Trade Idea:

SELL at 106,026.8
🛑 Stop Loss: 107,488.4
✅ Target: 99,000.0

Risk-Reward looks solid.
This is a short setup expecting a drop after a retest of the supply zone.

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