Bitcoin is approaching a key Short Zone between $83,443 – $84,616, a region where previous price action has shown clear rejections. This resistance zone is marked in red on the chart. We’re currently hovering just below that at $83,000.
🔹 Short Entry Zone: $83,443 - $84,616
🔹 Target Profit (TP): $80,233
🔹 Risk/Reward Ratio: Solid RRR setup for disciplined traders
📌 If price re-tests this zone and fails to break higher, this could be an ideal area for short entries with a clean downside toward the TP zone highlighted in green.
⚠️ Always manage your risk. Wait for rejection confirmation signals before entering.
🔹 Short Entry Zone: $83,443 - $84,616
🔹 Target Profit (TP): $80,233
🔹 Risk/Reward Ratio: Solid RRR setup for disciplined traders
📌 If price re-tests this zone and fails to break higher, this could be an ideal area for short entries with a clean downside toward the TP zone highlighted in green.
⚠️ Always manage your risk. Wait for rejection confirmation signals before entering.
Telegram: t.me/Crypto_Sheykh
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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.
Telegram: t.me/Crypto_Sheykh
Related publications
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.