Bitcoin is approaching a key decision point at the top of its descending channel. After bouncing off $100K support and reclaiming the midline, price is now pressing against the upper trendline near $112K. The MACD has just flipped bullish, and momentum is turning upward. However, BTC has repeatedly failed at this level over the last two months, forming a clear resistance zone.
This trade is structured as a short from resistance with tight invalidation above $112K. The setup offers a favorable risk/reward if this rejection holds and BTC pulls back to the $97K–$98K zone.
Entry: ~$108K
Stop: ~$112K (channel breakout)
Target: ~$97.5K (lower channel support)
If BTC breaks and holds above $112K, that would invalidate the short thesis and likely flip the structure toward a full breakout scenario.
This trade is structured as a short from resistance with tight invalidation above $112K. The setup offers a favorable risk/reward if this rejection holds and BTC pulls back to the $97K–$98K zone.
Entry: ~$108K
Stop: ~$112K (channel breakout)
Target: ~$97.5K (lower channel support)
If BTC breaks and holds above $112K, that would invalidate the short thesis and likely flip the structure toward a full breakout scenario.
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If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.