Bitcoin is trading on the 1H timeframe. Price has moved up strongly and is now approaching key supply zones. I expect a corrective pullback before a potential short setup forms.
Key Supply Zones (Red)
Supply Zone 1: 63,600 – 64,600
Supply Zone 2: 65,500 – 66,000
Key Demand Zones (Support)
Target: 57,000
Current Price: near 61,500 – 62,000
Trade Plan – Short Setup
I am waiting for price to pull back into the supply zones. Once a reversal pattern or confirmation forms inside the supply zone, I will consider short entries.
Entry: On price reaction from supply zone (63,600 – 66,000)
Stop Loss: Above the supply zone
Take Profit Target: 57,000
Invalidation: Price breaks above supply zones with strong momentum
Pro Tips
Do not short at current levels. Wait for price to reach supply zones.
The best short entries come from supply zones after a pullback, not a chase.
Bitcoin reacts strongly to news and macro events. Check the calendar before trading.
Patience is key. Let price come to you.
My Personal View
Price is approaching supply areas. I am not interested in chasing longs here. I will wait for a pullback into the 63,600 – 66,000 supply zone and look for short setups toward 57,000. If price breaks above supply with strength, I will re-evaluate.
Not financial advice. Trade at your own risk.
Tags: BTCUSD, Bitcoin, Crypto, SupplyAndDemand, PriceAction, TradingView, ShortSetup
Key Supply Zones (Red)
Supply Zone 1: 63,600 – 64,600
Supply Zone 2: 65,500 – 66,000
Key Demand Zones (Support)
Target: 57,000
Current Price: near 61,500 – 62,000
Trade Plan – Short Setup
I am waiting for price to pull back into the supply zones. Once a reversal pattern or confirmation forms inside the supply zone, I will consider short entries.
Entry: On price reaction from supply zone (63,600 – 66,000)
Stop Loss: Above the supply zone
Take Profit Target: 57,000
Invalidation: Price breaks above supply zones with strong momentum
Pro Tips
Do not short at current levels. Wait for price to reach supply zones.
The best short entries come from supply zones after a pullback, not a chase.
Bitcoin reacts strongly to news and macro events. Check the calendar before trading.
Patience is key. Let price come to you.
My Personal View
Price is approaching supply areas. I am not interested in chasing longs here. I will wait for a pullback into the 63,600 – 66,000 supply zone and look for short setups toward 57,000. If price breaks above supply with strength, I will re-evaluate.
Not financial advice. Trade at your own risk.
Tags: BTCUSD, Bitcoin, Crypto, SupplyAndDemand, PriceAction, TradingView, ShortSetup
Trade attivo
Trade chiuso: obiettivo raggiunto
tp1 done
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.