Bitcoin (BTC/USD) is showing a clear bearish continuation setup after breaking down from a consolidation range with full momentum confirmation.
📉 Trade Details
Entry: $102,208.50 (Fibonacci retracement zone)
Stop Loss: $102,536.18 (above local resistance)
Take Profit: $101,553.13 (next support zone)
Risk/Reward: ~1:2 — favorable setup for trend continuation
📊 Technical Confluence
✅ EMA OK: Price is firmly below all short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms the downtrend
✅ RSI OK: RSI confirms bearish momentum
✅ MACD OK: MACD crossed down — supports the short
📉 Trade Details
Entry: $102,208.50 (Fibonacci retracement zone)
Stop Loss: $102,536.18 (above local resistance)
Take Profit: $101,553.13 (next support zone)
Risk/Reward: ~1:2 — favorable setup for trend continuation
📊 Technical Confluence
✅ EMA OK: Price is firmly below all short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms the downtrend
✅ RSI OK: RSI confirms bearish momentum
✅ MACD OK: MACD crossed down — supports the short
Trade closed: target reached
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.
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.