SELL BTCUSD – 68400.26

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BTCUSD

Trade ID: btcusdsell1771209373515 | Execution: 673779
Status
LOST
Direction
SELL
Entry Price
68400.26
Targets Hit
0 / 3

Trade Levels

Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
68400.26
0
Filled
Feb 16, 2026 2:36 AM
Stop Loss
69900.26
1500
HIT
2026-02-16 13:01:00
Take Profit 1
67350.26
1050
Not Hit
-
Take Profit 2
66600.26
1800
Not Hit
-
Take Profit 3
65100.26
3300
Not Hit
-

Trade Analysis

Strategy & Reasoning
Strategy
Breakout (Gap Fill)
Reason
Sell BTCUSD at 68,400 expecting a pull‑back to fill the recent gap, supported by bearish MTF bias and high volatility
Details

The trade is based on a classic gap‑fill setup where the price opened above a recent high and is now retracing to close the gap. Technical analysis shows a strong bearish confluence: the H4 chart is 57 % bearish, the multi‑timeframe view is also bearish, and volume is elevated, indicating aggressive selling pressure. The entry is rated “VERY_GOOD” with a score of 78, and the stop loss is placed at a structural resistance level (69900.26) to protect against a breakout. Fundamentally, there are no major news events driving Bitcoin, and the broader macro environment (e.g., mixed FX outlook) is neutral, reinforcing the technical case. With three profit targets (67,350; 66,600; 65,100) the trade aims to capture the expected downside while managing risk, justifying a high conviction and confidence level.

Confluence Metrics

Technical & Fundamental Analysis Scores
Technical Confluence
Gap‑fill bearish pattern, multi‑timeframe bearish alignment (H4 and higher), high volume, structure‑based stop loss
Fundamental Sentiment
Neutral – no specific crypto catalyst, broader macro FX outlook mixed
Confidence Score
78
Trade Conviction
High
Reasoning Completeness
High
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