BTC Short Setup: Watching for a Pop & Drop – Don't Get Caught Off Guard!

Hey everyone, Ava here from Manchester! Hope you're all having a solid trading week. BTC/USD has been on my radar, and it's looking quite interesting for an intraday short opportunity. We're currently sat around 67845, and it's been a bit of a tumble in the last 24 hours, down over 2% (-1408.965 to be exact). The overall trend definitely feels bearish right now, which lines up with what I'm seeing.

Technical Readout

Looking at the charts, we're definitely in the lower end of the daily range (66488.1 to 69201.9), and that bearish momentum is hard to ignore. We've got resistance levels at 67900 and 67950 just above us, and those have been holding quite firm. My eyes are peeled for a move up towards the 68496 mark. This looks juicy to me as a potential retest of a broken support that could now act as resistance. If it gets there and shows signs of rejection, that's my cue. On the flip side, we do have some immediate support around 67800 and 67750, so I'm watching how price reacts there.

Risk Management & The Plan

My strategy here is to go short at 68496. Given my conservative risk tolerance, I'm setting a pretty wide stop loss at 71753 – never want to get squeezed out too early if there's a quick fake