BTC Short-Term 1H Short Position Setup
Key Resistance & Support Zones:
Resistance Zone (~$99,900):
This level aligns with multiple technical factors:
This area presents a strong technical case for initiating short positions, given the weakening buying momentum at higher levels.
Support Levels:
Short Entry Points:
1️⃣ Primary Entry: $99,500–$99,900 upon reaching the resistance zone.
2️⃣ Secondary Entry: Above $100,000 after a confirmed rejection (liquidity grab and bounce back).
Take-Profit Levels (TP):
Invalidation Level:
A daily close above $100,500 would invalidate the short setup, signaling potential bullish continuation. In this scenario, exit the position to mitigate losses.
Analysis:
The current price structure suggests fading bullish momentum near key resistance levels. A failure to hold $97,000 would strengthen the bearish case, opening the door for lower targets. However, maintaining discipline and adhering to stop-loss levels is crucial.
Stay vigilant and adapt to market dynamics for the best outcomes.
Resistance Zone (~$99,900):
This level aligns with multiple technical factors:
- Daily Order Block (OB)
- Point of Control (TPOC)
- Range High
- Liquidity Grab (SFP)
This area presents a strong technical case for initiating short positions, given the weakening buying momentum at higher levels.
Support Levels:
- $97,000: Initial support and key level to watch for bearish continuation.
- $95,000: A zone with potential local liquidity.
- $92,000: Deeper target if the downward move intensifies.
Short Entry Points:
1️⃣ Primary Entry: $99,500–$99,900 upon reaching the resistance zone.
2️⃣ Secondary Entry: Above $100,000 after a confirmed rejection (liquidity grab and bounce back).
Take-Profit Levels (TP):
- TP1: $97,000 — Immediate support level.
- TP2: $95,000 — Significant liquidity zone.
- TP3: $92,000 — Extended target for continued bearish momentum.
Invalidation Level:
A daily close above $100,500 would invalidate the short setup, signaling potential bullish continuation. In this scenario, exit the position to mitigate losses.
Analysis:
The current price structure suggests fading bullish momentum near key resistance levels. A failure to hold $97,000 would strengthen the bearish case, opening the door for lower targets. However, maintaining discipline and adhering to stop-loss levels is crucial.
Stay vigilant and adapt to market dynamics for the best outcomes.
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