BTC: Bull Run's Cooling Off? My Intraday Short Idea

BTC/USDShortIntraday2h ago3 views

Trade Setup

Entry Price

80975.00

Stop Loss

84825.00

Take Profit

75200.00

Risk : Reward

1 : 1.50

RiskReward

Hey everyone! Hope you're all having a profitable week. BTC has been on an absolute tear, can't make this up – we're currently around 80205, up a solid 2.20% in the last 24 hours, hitting a high of 81809.1 earlier. The overall trend is clearly bullish, and I'm always respecting that. But you know me, I like to look at both sides.

BTC - Spotting a Potential Pullback


While the big picture is bullish, sometimes after such strong moves, we see a bit of profit-taking or a short-term pullback. We're flirting with some resistance levels here, especially around 80250 and 80300, and that daily high of 81809.1 is a strong ceiling for now. I'm seeing a potential intraday opportunity for a quick short if we push a little higher into that resistance before turning. It's a bit of a counter-trend play, but the setup looks like a classic resistance test to me.

My Intraday Short Setup


So, with that in mind, I'm eyeing a short position on BTC/USD for an intraday play. My entry is set at 80975, waiting for a retest of that higher resistance zone. My Stop Loss is fairly wide at 84825 – always gotta manage that risk, especially on a counter-trend trade. For Take Profit, I'm looking at 75200, which would take us well below the current support at 78600.9. It's a bit ambitious, but if the pullback gains momentum, it could hit. What do you all think? Am I crazy for looking short in this market, or does anyone else see this potential setup? Still learning, so always keen to hear your thoughts!

Comments

Loading comments...