BTCUSD SIGNAL Update (Read Caption)

This chart presents a short (sell) setup on the BTCUSDT 1-hour timeframe. Here's a detailed analysis of what it's suggesting:


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Chart Summary:

Instrument: Bitcoin / Tether (BTCUSDT)

Timeframe: 1 Hour (1h)

Trade Direction: Sell

Current Price Zone: Around $95,144

Stop-Loss: ~ $96,518 to $96,800 (depends on your risk level)

Take-Profit: ~ $92,633 to $92,622



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Key Observations:

1. Ranging Market:

Price has been consolidating between ~$94,000 and ~$96,000.

Multiple rejection wicks near the upper range (~$95,500–$95,800), suggesting resistance.



2. Sell Bias Justification:

Price is near the top of the range, possibly forming a lower high.

If price fails to break higher, this setup could target the bottom of the range near $92,600.

The idea is to catch a rejection and drop from resistance.



3. Risk-Reward Ratio (RRR):

The RR looks good visually—approximately 1:2.6.

You’re risking around $1,300 to gain around $2,500 (approx).



4. Ideal Confirmation:

For higher probability, watch for a bearish engulfing candle or rejection wick on 15m–1h timeframe near current level.

Consider volume—if it drops off during the rise, selling pressure may resume.