btcusdt(position short)

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btcusdt(position short)Bitcoin / TetherUSBINANCE:BTCUSDTNabiChart🔴 Bitcoin (BTCUSDT) Bearish Analysis & Signal | 1H Timeframe Hello everyone! On the current 1H BTC chart, the setup for a Short (Sell) position based on a rejection from resistance looks highly probable and very attractive. 📊 Trade Rationale (Why Short?) Price is currently interacting heavily with the red ascending trendline and the supply zone (pink rectangle) around the $65,809 level. We expect sellers to step in at this area, reject the price, and push it lower. 📍 Short Position Details: ✔️ Entry: $65,490 (Ideally, enter as a Limit order or after seeing a confirmed bearish reaction/rejection candle) ❌ Stop Loss (SL): $65810 (A 1H candle close above the pink supply zone invalidates this bearish setup) 🎯 Take Profits (TP): TP1: $64100 TP2: $63200 TP3: $62400 ⚠️ Important Risk Management Notes: Do not enter the trade before the price reaches the entry zone and shows a bearish confirmation. Always respect your Stop Loss to prevent heavy drawdowns in case of an unexpected bullish breakout.