BTC/USD 1H: Short Setup Near Resistance - Targeting 63.7kBitcoin / U.S. dollarBITSTAMP:BTCUSDaasgaribMarket Analysis Looking at the 1-hour chart for Bitcoin, we can see a clear short setup forming as price approaches key overhead resistance levels. After a recent local pullback down to the 64,500 area, BTC has seen a swift bounce. However, it is now heading straight into a heavy resistance zone defined by previous structural peaks and a descending trendline. Trade Execution Details The strategy outlines a scaled short entry (Sell Limit orders) utilizing two primary resistance levels: First Entry Level: Around 66,120 Second Entry Level: Around 66,681 Stop Loss (SL): Placed strictly above the recent swing high at 67,356 (risking 0.5% per order and 1% in total). Take Profit (TP): Target is set at the major support level around 63,734, which aligns nicely with the ascending macro trendline support (projecting a massive 2% in total). This setup offers an excellent risk-to-reward ratio, capitalizing on the broader bearish momentum on the hourly timeframe while risking very little relative to the massive downside target. Let's see how price action reacts once we hit the 66k zone! 📈 Join My Telegram Channel for Live Updates! If you like this analysis and want to get real-time crypto setups, daily market breakdowns, and educational content, join our growing community! 👉 My Channel