BTC/USD: Watching for a short play as bears take control
BTC/USDShortSwing4h ago0 views
Trade Setup
Entry Price
71476.00
Stop Loss
74874.00
Take Profit
66379.00
Risk : Reward
1 : 1.50
RiskReward
Current market action on BTC/USD points to a bearish trend, with price currently at 70796. It's trading below recent resistance around 70850-70900, suggesting sellers are in charge. The daily range from 69380.08 to 72211.92 shows volatility, but the overall sentiment is clearly leaning downside based on recent price action.
My Setup
I'm eyeing a short entry on BTC/USD at 71476. This level aligns with a potential retest of prior support turned resistance on a swing timeframe. My Stop
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