BTCUSD Swing Short Setup D1

BTCUSD

The BTC price confirmed the previous short daily orderblock (D1) recently, which is a strong resistance against the bulls. The price came back to fill previous daily imbalances and FVG-s while mitigating the D1 orderblock. The validity of D1 orderblock has been confirmed with liquidity takeout, left imbalances, and FVG under the zone of interest. I think, we are still in a downtrend, if the price respects this zone and not staying above 21000 for a long time, i am bearish.

As i wrote in previous trading ideas, i always put the SL a bit above or under the interest zones to avoid minor stophunts. The whole RR can be earned by this trade if the main direction remains.
The target is the previous swing low but this time i put TP a bit above it, if market shifts because on the other side, there are also liquidity takeouts and OB-s.
blzsfxTrend Analysis

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