$BTC Sharp decline after strong Rejection. ‼️
SHORT $BTC
Entry: 59172 - 59500
S.L: 61,300
TP 1: 58,000
TP 2: 57,800
Full tp: 56,500
Thesis:
Bitcoin is demonstrating intensive selling pressure after a rejection at the 60,941 peak created a clear bearish distribution path.
The immediate drop toward the local lows indicates high seller momentum, opening up a swift continuation down to the 58,337 key demand floor.
SHORT $BTC
Entry: 59172 - 59500
S.L: 61,300
TP 1: 58,000
TP 2: 57,800
Full tp: 56,500
Thesis:
Bitcoin is demonstrating intensive selling pressure after a rejection at the 60,941 peak created a clear bearish distribution path.
The immediate drop toward the local lows indicates high seller momentum, opening up a swift continuation down to the 58,337 key demand floor.