BTC/USD: Intraday Short Play as Bearish Momentum Continues

BTC/USDShortIntraday1w ago3 views

Trade Setup

Entry Price

69035.00

Stop Loss

72317.00

Take Profit

64112.00

Risk : Reward

1 : 1.50

RiskReward

How una dey, guys? Hope you're all having a productive week in the markets. Checking in on BTC/USD today, and the charts are really painting a clear picture for me. Current price is hovering around 68379, and we've seen a slight dip of about -0.42% in the last 24 hours, confirming that bearish sentiment is still very much in play. The day range has been between 67011.42 and 69746.58, showing that bulls are struggling to push past resistance.

Technical Outlook and Entry Strategy


From my analysis, the overall trend for Bitcoin is still looking bearish, and I'm eyeing a short setup for an intraday play. My entry is set at 69035. I'm looking for price to potentially retrace a bit higher, maybe test some of the immediate resistance around 68450 or 68500, before heading

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