BTC/USD: Charting a Swing Short Despite the Bullish Buzz – Time for a Correction?

BTC/USDShortSwing7h ago2 views

Trade Setup

Entry Price

67532.00

Stop Loss

69679.00

Take Profit

63237.00

Risk : Reward

1 : 2.00

RiskReward

Hey everyone! Yui here, checking in from Osaka. BTC/USD has been on a decent run lately, currently sitting around 67103 with that 1.22% jump over the last 24 hours. The overall trend is definitely bullish, and we even touched 68445.06 today. But you know me, I always look at both sides of the coin. Sometimes, even in a strong uptrend, the charts tell you a different story for a potential short-term move.

Technical Read: Looking for the Dip


Despite the current bullish momentum, I'm eyeing a potential swing short here. My entry would be at 67532. Why? I'm looking for a retest of some weaker hands or perhaps a slight exhaustion rally before a dip. We've got resistance around **6

Comments

Loading comments...