BTC - Swing Short Setup
Bitcoin is currently at an ideal entry for a high R/R short based on the trendline shown - targeting 34,200 to 35,000.
From that level, I will look for a retrace up to 43-46k. Rejection at this zone can indicate a much more substantial drop to sub 20,000 zones.
All details on the chart - will update with a new idea if Bitcoin follows through on this expected drop.
From that level, I will look for a retrace up to 43-46k. Rejection at this zone can indicate a much more substantial drop to sub 20,000 zones.
All details on the chart - will update with a new idea if Bitcoin follows through on this expected drop.
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