$BTC SHORT SETUP ACTIVE AS COINBASE PREMIUM STAYS NEGATIVE FOR 48 DAYS 🚨
Entry: 64,600 - 66,700 🔥
Target: 63,700 🚀
Stop Loss: 69,300 ⚠️
The entry range on H1 offers a clean short against the 69,300 invalidation level. Coinbase premium has remained negative for a record 48 consecutive days — the longest stretch of sustained institutional distribution in US markets this year. This kind of structural imbalance typically precedes sharp downside moves.
The first target at 63,700 offers a solid 1:2 R:R from the midpoint. Additional targets at 60,600 and 58,400 provide room to run if momentum carries. Are you taking this short at 65,600 or waiting for a retest of 66,700?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #InstitutionalDistribution #Trading 🔥