๐ฅ BTC UPDATE 30/09 โ PRIORITIZING SHORTS ON THE RETEST
On the M15 and M30, price is trading below the short- and medium-term MA cluster, with each rebound continuing to face selling pressure. The latest structure is still forming lower highs, suggesting that sellers are controlling the 83.6Kโ83.8K area. The H1 timeframe has also yet to reclaim the key MA levels.
Therefore, instead of chasing a SHORT around 83.4K, I prefer to wait for BTC to rebound toward 83.6Kโ83.9K. If we see a rejection candle in this zone followed by a bearish reversal on M15/M30, this could become the area to trigger a SHORT.
๐ฏ Targets:
TP1: 83.0K
TP2: 82.6Kโ82.5K
TP3: 82.0K
โ ๏ธ On the other hand, if BTC breaks and closes clearly above 84.0Kโ84.2K, the short setup loses its edge, and it would be better to stay on the sidelines and wait for a new setup.
Post #3593
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