$BTC Short Setup (Wait for Confirmation)
Entry Zone:
$64,800–$65,200 (preferred)
Or after a 1H candle closes back below $64,600 following a rejection.
Stop Loss:
$65,550
Take Profit:
TP1: $64,200
TP2: $63,700
TP3: $63,100
TP4 (extended): $62,700
Why wait?
BTC is still above its key moving averages.
Liquidity above $64,800–$65,200 could attract price before reversing.
Funding is only slightly positive and shorts slightly outnumber longs, which increases the risk of a short squeeze if you enter too early.
Bearish Confirmation
A stronger short signal appears if:
BTC fails at $64,800–$65,200, or
A 4H candle closes below $63,800.
Current probability:
🟢 Bullish: 55%
🟡 Range: 25%
🔴 Bearish: 20%
Conclusion: Wait for a rejection around $64,800–$65,200 or a confirmed breakdown below $63,800. Shorting in the current $64,200–$64,400 decision zone carries a higher risk of getting squeezed.