Bitcoin Intraday Short Setup | Targeting $102.6K

14 May

Bitcoin is showing weakness after a lower high formation, suggesting potential for further downside. The 30-min chart highlights a clear sell entry zone with a defined take profit near $102,590.

🔹 Technical Analysis:

🔽 Lower high pattern signals potential short-term trend reversal

📏 Clean risk-to-reward setup with entry near $103,728 and TP at $102,590

⛅ Price rejected key resistance, indicating seller pressure

🔹 Fundamental Context:

🏦 Hawkish Fed commentary continues to weigh on crypto markets

📊 Risk-off sentiment amid macro uncertainty affecting BTC

💸 Reduced ETF inflows and profit-taking could trigger short-term correction

📌 Plan: Short below $103,728 with stop above $104,425. Targeting a move toward $102,590. Ideal for short-term traders.

Support: If you found this helpful, like and follow for more trade ideas!
Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section

Note: This is not financial advice. Please conduct your own research and manage risk accordingly.

20 May

İşlem kapandı: hedefe ulaştı