$BTC Is Flashing A Warning Sign Right Now
Price is sitting at $66,634 and the chart is telling a clear story on the 4H timeframe.
EMA7 at $66,727 and EMA25 at $67,658 are both above price — bearish alignment. MACD is deeply negative at -790 with DIF below DEA. RSI at 42 on 4H with no real buying momentum. Volume is drying up significantly — 435 vs MA10 of 1,586. That is a 72% collapse in volume.
Price dropped hard from $72,026 to $65,548 and this current bounce looks weak. No conviction. No volume. Just a dead cat bounce into resistance.
Short Setup 👇
📍 Entry: $66,900 — $67,250 on rejection
🎯 TP1: $66,150
🎯 TP2: $65,550
🎯 TP3: $64,800
🛑 Stop Loss: $67,650
Structure is bearish. Momentum is bearish. Volume confirms weakness. The CME gap at $67-69K we warned about earlier is now acting as resistance not support.
Use maximum 1% capital. BTC is sensitive to macro headlines this week with NFP and Fed speakers coming.
Trade the chart not the emotion. 💰
Are you shorting this bounce or waiting for more confirmation? 👇