Bitcoin (BTC/USD) 1H Analysis – High-Probability Short Setup
Current Price: $95,228
Timeframe: 1-Hour (1H)
Exchange: BITSTAMP
Market Overview:
Bitcoin has recently demonstrated a strong bullish structure, consistently respecting a well-defined ascending trendline. However, the current price action shows early signs of potential weakness near a critical support zone. Technical indicators and price behavior suggest a high-probability short opportunity emerging soon.
Trade Plan:
Short Entry Zone: Around 95,000–95,500
Stop Loss: 97,500 (Invalidation if price moves higher)
Take Profit 1: 93,000 (First major support)
Take Profit 2: 88,000 (Deeper correction target)
Technical Insights:
Trendline Break Expectation:
A minor bullish push above the trendline is possible to grab liquidity, followed by a sharp breakdown.
Volume Analysis:
Volume patterns indicate decreasing bullish strength, increasing the probability of a bearish reversal.
Risk/Reward Ratio:
This setup offers an attractive 1:3 risk/reward ratio, ideal for disciplined traders.
Final Notes:
Patience is key — wait for confirmation of the trendline break before entering. This setup aligns with classic breakdown structures, offering a potentially powerful move if executed with precision.
Current Price: $95,228
Timeframe: 1-Hour (1H)
Exchange: BITSTAMP
Market Overview:
Bitcoin has recently demonstrated a strong bullish structure, consistently respecting a well-defined ascending trendline. However, the current price action shows early signs of potential weakness near a critical support zone. Technical indicators and price behavior suggest a high-probability short opportunity emerging soon.
Trade Plan:
Short Entry Zone: Around 95,000–95,500
Stop Loss: 97,500 (Invalidation if price moves higher)
Take Profit 1: 93,000 (First major support)
Take Profit 2: 88,000 (Deeper correction target)
Technical Insights:
Trendline Break Expectation:
A minor bullish push above the trendline is possible to grab liquidity, followed by a sharp breakdown.
Volume Analysis:
Volume patterns indicate decreasing bullish strength, increasing the probability of a bearish reversal.
Risk/Reward Ratio:
This setup offers an attractive 1:3 risk/reward ratio, ideal for disciplined traders.
Final Notes:
Patience is key — wait for confirmation of the trendline break before entering. This setup aligns with classic breakdown structures, offering a potentially powerful move if executed with precision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.