BTC/USD looking weak: A potential intraday short setup brewing, what do you guys think?

BTC/USDShortIntraday3h ago3 views

Trade Setup

Entry Price

69471.00

Stop Loss

72774.00

Take Profit

64517.00

Risk : Reward

1 : 1.50

RiskReward

The Chart's Story


Hey everyone! Hope you're all having a solid trading day. Just wanted to share my thoughts on BTC/USD, which has been showing some interesting moves. Currently, it's hovering around 68810, and we've seen a slight dip of around 0.42% in the last 24 hours. The overall trend for Bitcoin right now looks quite bearish, which aligns with the sentiment I'm seeing on the charts.
I'm eyeing a short setup here. My entry would be around 69471. I know we're below that now, but I'd be looking for a retest of that level, maybe even a bounce off the 68850 or 68900 resistance before confirming. If we get that pop and rejection, it could be a sweet spot to enter. My stop loss is set at 72774, playing it safe, as always. We've got key support levels at 68750 and 68700 to watch out for – breaking these would

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