$BTC experienced a push into its upper band but failed to sustain the breakout, now drifting back inside. This indicates a potential rejection at resistance. 📉

Here's a short trading plan for $BTC based on current price action:

Entry: $68,200 – $68,900
SL: $69,800
TP: $67,200, $66,000

Price initially pushed above the prior high but lacked conviction, forming wicks at the top and closing back below resistance. The recent upward movement saw significant volume but limited price travel, suggesting exhaustion. ⚡

Currently, $BTC is consolidating within a defined range, exhibiting smaller body candles and overlapping price action, indicating a loss of upward momentum. My current position is a short, managed with caution. 💡

Invalidation would occur if $BTC cleanly establishes itself back above the upper band. For now, the price action suggests underlying weakness. 📉

Short $BTC 👇