$BTC short to 85k
You can find the reasons here:
As BTC has grown over time, we are now forming a head-and-shoulders pattern, which suggests a potential correction. This correction could allow more people to enter the market. I expect the 30-minute candle to drop below 93,800 within the next few hours (3–4 hours). We are approaching an important trendline level from the past. There was a bounce from this level, but I am unsure how strong the buyers will be in the short term. On a swing basis, I expect a correction, and I am already in a trade.
As BTC has grown over time, we are now forming a head-and-shoulders pattern, which suggests a potential correction. This correction could allow more people to enter the market. I expect the 30-minute candle to drop below 93,800 within the next few hours (3–4 hours). We are approaching an important trendline level from the past. There was a bounce from this level, but I am unsure how strong the buyers will be in the short term. On a swing basis, I expect a correction, and I am already in a trade.
Trade active
in the 5min time frame, the 
BTC looks a little bullish and I do not like like that because it is moving toward our stop loss
But we are forming a wedge and I believe the macro data is strong
Note
One thing I have learned is not to be overconfident let the knife drop fully wait till the candle closes then enter the trade. There is nothing like to "LATE" to enter. Note
We saw upward movement which I was afraid of but we are building the bearish momentum on the 5-minute chart. I will wait and which see what happens. My short scenario has not changed yet. Trade closed: stop reached
I believe in short-term but I have reached a stop because while analyzing I just focused on 4h and 30min.
What could I have done better?
- Analyze the 5min time frame and
- do not be emotional FOMO
Look at weekly S/R or daily S/R
Note
We are currently at VWAP level and the daily S/R, If we break 98k than I am bearish
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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.