Bitcoin
Short

BTC/USD 1H โ€“ Supply Zone Rejection โ†’ Target 100,750

342
๐Ÿ“‰ BTC/USD โ€“ 1H Technical Analysis

๐Ÿ”น Trend: Bearish (below EMA 70 โ—)

๐Ÿ”ธ Setup: Sell from Supply Zone (DBD)

๐Ÿ”ต ENTRY POINT โš”๏ธ โ€ฃ Zone: 106,538.0 โ€“ 106,862.6
โ€ฃ ๐Ÿ“ EMA (70): 106,538.0 โฌ…๏ธ Acting as dynamic resistance
โ€ฃ ๐Ÿ“Œ Confirmation Needed: Bearish candle or rejection wick

๐ŸŸง SUPPLY ZONE (DBD) ๐ŸŸ 
โ€ฃ Sellers previously dominated here ๐Ÿ“‰
โ€ฃ Reaction Expected:

๐ŸŸฅ STOP LOSS โ—
โ€ฃ Above Supply Zone: 108,516.2 โ€“ 108,548.6 ๐Ÿ›ก๏ธ
โ€ฃ Purpose: Protect against fakeouts ๐Ÿšจ

๐ŸŽฏ TARGET POINT โœ…
โ€ฃ TP 1: 101,156.0 โšซ
โ€ฃ TP 2: 100,750.0 ๐ŸŽฏ
โ€ฃ Final Demand Zone: 100,453.8 โ€“ 101,015.9 ๐ŸŸฆ
โ€ฃ Potential Profit: ๐Ÿ”ฅ Big drop if confirmed!

โš ๏ธ RISK FACTORS:
๐Ÿ”ธ Break above Supply Zone = โŒ Invalidation
๐Ÿ”ธ Watch for BTC news ๐Ÿ“ฐ
๐Ÿ”ธ Always manage risk ๐Ÿ“Š

โœ… SUMMARY
๐Ÿ”น Sell Zone ๐ŸŽฏ: 106,538 โ€“ 106,862.6
โ— Stop Loss ๐ŸŸฅ: 108,548.6
๐ŸŽฏ Target Point ๐ŸŽฏ: 100,750.0

๐ŸŸข Risk Reward Ratio: ๐Ÿ‘ Favorable!

๐Ÿ“Š Plan the Trade โ€“ Trade the Plan! ๐Ÿ’ผ

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.