Trade Idea: BTC SHORT

Opened 2026-04-09 14:50:39 · Valid until 2026-04-10 14:50:39 · Closed 2026-04-09 15:18:02

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT PENDING RR 1.75 Conf 78% Scalp 6-12 hours

Entry

70,980.00000000

Stop

71,150.00000000

Targets

70,700.00000000 / 70,550.00000000 / 70,400.00000000

Live price

77,192.00000000

Live ROI

-8.75% vs entry

Idea ID

#10330

Now Entry Stop TP

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Thesis and checks

Bitcoin shows a short-term bearish setup with confluence across multiple timeframes:

5m chart: Bearish engulfing candle near resistance at $71,000 combined with declining RSI indicates short-term selling pressure.
15m chart: Price rejected from the 20 EMA and forming lower highs, confirming short momentum.
1h chart: MACD histogram turning negative and price below the 50 EMA, supporting bearish bias.
Risk-reward ratio above 1.6 with tight stop loss just above recent resistance ensures favorable trade management.

Trade ideas are educational. Manage risk and position size.