BTC Short Setup: Weekly Open Rejection 📉

Quick update for $BTC

BTC

68,577.99

+1.71%

Analysis: The current price is testing the area above the Weekly Open. There appears to be a rejection in the local resistance zone.

Strategy: Small Short Position. Taking advantage of the potential correction back to the equilibrium area (mean reversion).

Target: Lower liquidity area in the range of $57,000 - $56,500.

Risk Management: Tight Stop Loss above the previous high (~$58,600).

Key Takeaway: This trade has a fairly ideal Risk/Reward. Stay alert for weekend volatility. ⚠️

Trade safe, use tight risk management! 🛡️

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