@iiz
BTC UPDATE – POTENTIAL SHORT SETUP
$BTC is starting to show weakness after the uptrend and could turn bearish in the near term.
Market Insight:
• Strong rejection at the trendline resistance
• Momentum is fading (buyers losing strength)
• There’s an FVG (Fair Value Gap) acting as a retrace zone
• Potential liquidity sweep before continuing lower
Setup Plan:
Entry limit short: 73,100 – 74,100
Stop loss: > 74,500
Take profit:
• TP1: 71,300
• TP2: 70,200
Scenario:
Price might push up first to fill the FVG & grab liquidity above, then continue dropping.
Note:
If price breaks and holds above 74,500 → this setup is invalid (bullish continuation).