BTC/USDT 1H: Local Rejection at 1d/1w C.E – Short SetupBitcoin / TetherUSBINANCE:BTCUSDTjongwon_fxHey traders, Sharing my current setup for BTC/USDT on the 1-hour timeframe based on price action and key multi-timeframe levels, as shown in image_42026a.png. Technical Overview Key Resistance: The price has faced a clear rejection from the confluence zone of the 1w c.e (Weekly Consequent Encroachment) and 1d c.e (Daily Consequent Encroachment) levels, which sits right around the $60,000–$60,400 area. Current Price Action: Following the rejection at this heavy resistance, Bitcoin is breaking down locally, confirming bearish momentum in the short term. Trade Setup Entry: Current Market Price (~$59,457) Stop Loss (SL): $60,813.76 (Set just above the local consolidation high and the 1d c.e zone) Take Profit (TP): $58,184.45 (Targeting the lower liquidity pool and support level) I am expecting a continued downward movement following the blue path drawn on the chart towards the target box. Manage your risk accordingly. Safe trading!