$BTC / #Bitcoin | 1H Trade Setup Update 🟢 Long Position: - Entry: 53,790 - Stop Loss: 53,351

$BTC / #Bitcoin | 1H Trade Setup Update

🟢 Long Position:
- Entry: 53,790
- Stop Loss: 53,351
- Take Profit: 55,004

● Current Status: BTC has rejected off the Value Area Low (VAL) of the range.

● Technical Indicators: Bearish Divergence: Indicating potential downward movement. Falling Money Flow: Suggesting decreasing buying interest. Falling Momentum: Indicating weakening trend. Falling Stochastic RSI: Suggesting further downside potential.

● Outlook: Traders should exercise caution and monitor for continued bearish signals. The rejection off the VAL, combined with falling momentum, money flow, and stochastic RSI, indicates a likely downward trend. Watch for further confirmation of bearish movement before making trading decisions.