$SPX/#SP500 | 1H Trade Setup Update Position: 🔴 Short Trade Details: Entry: $5,991

$SPX/#SP500 | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
Entry: $5,991
Stop Loss: $6,015
Take Profit: $5,880

● Current Analysis:
Bitcoin has entered a potential short trade zone. The price is currently at $5,942 signs of weakening bullish momentum. Key indicator, Bearish Divergence, is observed across multiple time frames (4h, 1h, 24m, 12m, 6m), suggesting that the recent upward move may be losing steam, with a potential reversal toward lower liquidity zones.

● Technical Indicators:
Momentum: Bearish Divergence with a 2.25% decrease over the last period supports the short setup, hinting at overbought conditions ripe for a downward correction.
Volume Profile: Not directly visible, but price action implies significant liquidity below current levels, increasing the probability of a downward move.