BTC SHORT

Currently, BTC/USD is showing signs of bearish momentum after rejecting the 62,666 level. The price has filled a Fair Value Gap (FVG) and is retracing from the recent highs, sitting around 62,150 at the time of this post. We also have a strong Order Block (OB) around 63,000, which is acting as overhead resistance.

Key Indicators:

Price rejection at 62,666.
Overhead supply from the Order Block (OB).
FVG filled, indicating potential for a downside move.
Bearish signs as price moves below key moving averages.

Trade Idea: I'm looking to short BTC from the current levels, with targets between 61,800 - 61,500 where another FVG and support lie. A break below these levels could confirm further downside.

Stop Loss: Just above 62,700 to protect against a reversal.

Let's see how the price plays out from here!