$BTC / #Bitcoin | 1H Trade Setup Update Position: 🔴 Short

$BTC / #Bitcoin | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 63,492
• Stop Loss: 63,953
• Take Profit: 61,928

● Current Analysis:
Bitcoin ($BTC) is showing signs of weakness after a rejection at the Value Area Low (VAL), signaling increased downside risk.

● Technical Indicators:
- Bearish Divergence: Highlights the potential for further downside pressure.
- Falling Money Flow: Reflects declining buying interest, amplifying bearish momentum.
- Decreasing Momentum: Indicates weakening strength in the market.
- Stochastic RSI (Declining): Suggests continued downside, reinforcing a cautious approach.

● Outlook:
This trade aims for a take-profit target of 61,928, while observing key bearish indicators. The rejection at VAL, coupled with weakening momentum and falling money flow, points toward sustained downside risk. Traders should remain vigilant and wait for confirmed bearish continuation before fully engaging with the trade.