📉 $BTC Analysis: Is the Bull Run Pausing?
Hook: BTC rejected at $72,000! Are we heading for a deeper correction or just a quick dip? Here is my quick setup.
🎯 The Trade Plan
Entry Zone: $69,600 - $70,100
Take Profit (TP): $68,200 | $67,500
Stop Loss (SL): $71,200
🧐 Why This Setup?
MA Resistance: Price is trading below 4H MA(7) and MA(25).
Lower High: Failed to break $72k, showing bearish momentum.
⚖️ The Debate
Bearish: Staying below $70k confirms a drop to $67k.
Bullish: Recovery above $70.5k invalidates this short setup.
Trade $BTC here