Short term BTC trade idea 8/9/21

I think we may be setting up for a quick short play.

49400 – 49500 is your precision short point. I’m expecting a major support trend line retrace before the final move up to 48k region. Although we likely surpass the 48k region by a big more because of the obvious short positions that will open up there once we hit it.

Anything above the yellow trend line is a stop loss and long to 48k , I’d play it safe and not expect anything higher than that, even if it’s likely we push past it due to liquidity of shorts…