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

$BTC / #Bitcoin | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 57,169
• Stop Loss: 57,857
• Take Profit: 55,420

● Current Analysis: Bitcoin (BTC) has rejected off the Value Area Low (VAL) within the current trading range, raising caution for potential downside risk.

● Technical Indicators: Bearish Divergence: Suggests the possibility of further downward movement. Falling Money Flow: Reflects declining buying interest, adding to the bearish sentiment. Falling Momentum: Indicates a weakening trend. Stochastic RSI (Falling): Points to further downside potential, reinforcing the need for caution.

● Outlook: This long trade targets 57,985, though traders should remain vigilant given the bearish signals. The rejection at VAL, coupled with falling momentum, money flow, and a downward-trending Stochastic RSI, points toward a likely continuation of the bearish trend. Confirmation of sustained bearish movement is essential before fully committing to the trade.