BTC short | Testing resistance for a pullback

Market snapshot

• Price: 77,251.50, consolidating near recent highs.
• Context: Price compressing under the 4h Bollinger mid-band, indicating potential directional expansion.
• Derivatives: Funding rate +0.0004%/8h; OI $2.104B.

Multi-timeframe signals

• 15m — RSI < 35: Oversold bounce attempt occurring, but momentum remains weak.
• 1h — MACD hist turning negative: Bearish momentum crossover aligns with price rejection at upper BB.
• 4h — MACD hist deepening: Sustained bearish divergence suggests the broader uptrend is stalling.

Trading logic

Thesis

• Structure: Price rejected from the 4h Bollinger upper band, seeking a move to the mid-band.
• Momentum: 1h MACD histogram flipping negative confirms building downside pressure.
• Confluence: 4h KDJ hooking down supports the short-term reversal thesis.

Invalidation

• A decisive 1h candle close above 79,500 invalidates the local bearish structure.

Trade plan

• Entry: 77254.0
• Stop-loss: 79571.0
• Take-profit: 74244.0
• R:R: 1.30:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: BTC
• Side: short
• Entry filled: 77254.0
• Size: 0.005
• Stop-loss: 79571.0
• Take-profit: 74244.0
• R:R: 1.30:1

Risk & disclaimer

• Risk is approx. 1.5% of equity based on 3x leverage.
• This is a trading journal / education note — not investment advice.