Bitcoin
Short

SELL signal has emerged on the BTC/USD chart, potential bearish

166
SELL Signal: Activated at 117119.46, after price reacted from a potential supply zone and started to shift structure downward, signaling a possible short-term reversal.

TP Zones:
TP1: 115230.22

TP2: 113340.99

Final TP: 111451.75
This setup offers a potential profit range of approximately +1,889 to +5,667 pips from entry.

Market Structure:
Price recently pushed into premium levels and met supply. The rejection from this zone aligns with internal structure shifts, suggesting a bearish correction is in play. This setup is supported by a clean risk-to-reward layout, with the stop-loss placed above recent highs.

Remember to manage your trades carefully and ensure this setup fits your overall strategy. Stay sharp and trade responsibly!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.