BTC/USDT short play
I opened a short position at an entry price of $71,421.55 and added extra margin with a sell limit order to stack the bearish bias. My trade setup has:
Stop Loss: $74,050.00
Take Profit 1: $66,401.83
Take Profit 2: $62,510.28
Right now the trade is in loss because BTC is hovering near resistance, but the overall setup is still valid 🔍. The technicals show the price is losing momentum and struggling to stay above the key resistance zone (≈$73,105.47). The Bollinger Bands are tightening, and the moving averages are flattening, hinting that sellers are gaining control. If the bears keep the pressure, the price could slip toward lower liquidity zones below the support at $64,184.97, aiming for my profit targets 📉.
Opinion & insight: I’m keeping the margin added to ride the bearish wave, believing the market will respect the downward bias once momentum flips fully to the sellers. The setup gives good risk‑reward value, so I’m holding with eyes on the liquidity sweep.
You can trade BTC below 👇
