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Is this the final line of defense for BTC bulls? The 4-hour level is flashing a red warning
$BTC /USDT - Short SHORT
Trading Plan:
Entry: 62672.07 – 62887.01
SL: 63811.24
TP1: 62005.76
TP2: 61489.91
TP3: 60716.14
Why pay attention to this structure?
- The 1D trend is clearly bearish, and a 4-hour EMA death cross is about to form.
- RSI (15m) is only 35.79—rebound power is weak, and bearish momentum is building.
- Current BTC is 62779; TP1 is at 62005, TP2 is at 61489—there’s ample downside room.
- Why now? A 95% confidence SHORT signal, with SL set at 63811, keeping risk under control.
Discussion:
Will this leg down hit TP2 first to lure shorts, or will it directly break through 61489?