$BTC
🔍 High Probability Scenario: Rejection → Further Decline
As long as the price cannot break & hold above the nearest resistance, the chances of further decline remain dominant.
🟥 Potential Short Area:
74,300 – 74,900
This zone is:
Pullback area to resistance
Near intraday MA
Small risk area with greater reward potential
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🎯 Target for Downward Movement:
TP1: 73,300 (minor support)
TP2: 72,800 (previous reaction area)
TP3: 72,200 (strong low / demand zone)
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🛑 Invalidating Setup (Must Be Noted)
If the price strongly breaks & holds above 75,200, then the lower high structure is invalidated and the short bias weakens. In that condition, the market has the potential to enter a short-term reversal phase.
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🔍 High Probability Scenario: Rejection → Further Decline
As long as the price cannot break & hold above the nearest resistance, the chances of further decline remain dominant.
🟥 Potential Short Area:
74,300 – 74,900
This zone is:
Pullback area to resistance
Near intraday MA
Small risk area with greater reward potential
---
🎯 Target for Downward Movement:
TP1: 73,300 (minor support)
TP2: 72,800 (previous reaction area)
TP3: 72,200 (strong low / demand zone)
---
🛑 Invalidating Setup (Must Be Noted)
If the price strongly breaks & holds above 75,200, then the lower high structure is invalidated and the short bias weakens. In that condition, the market has the potential to enter a short-term reversal phase.
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