This weekend, BTCUSD showed signs of continued bearish momentum after a clean break and retest of the support zone turned resistance. The market respected both structure and fib confluences, giving a great R:R opportunity on the short side.
🔹 Trade Breakdown:
First short position was stopped at -50 pips, but setup remained valid.
Re-entry aligned with bearish confirmation, hitting a +100 pip move on the downside.
Price is now printing a lower high and appears to be preparing for further downside continuation.
📍 Technical Highlights:
Price rejected the 0.236 fib zone and failed to reclaim the prior support.
Market is respecting a bearish channel from the higher time frame.
Next potential target zones lie around the 82,000–81,000 region if momentum continues.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and confirm trades with your own strategy.
🔹 Trade Breakdown:
First short position was stopped at -50 pips, but setup remained valid.
Re-entry aligned with bearish confirmation, hitting a +100 pip move on the downside.
Price is now printing a lower high and appears to be preparing for further downside continuation.
📍 Technical Highlights:
Price rejected the 0.236 fib zone and failed to reclaim the prior support.
Market is respecting a bearish channel from the higher time frame.
Next potential target zones lie around the 82,000–81,000 region if momentum continues.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and confirm trades with your own strategy.
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.