Bitcoin is currently trading around $76,600, but the price action on your chart clearly shows rejection from a weak high near $78,000 and a shift toward short-term bearish momentum. Recent market data also confirms that after touching the $76K zone, BTC faced profit booking and pullback pressure, limiting further upside. (The Economic Times)

Market Bias: SELL (Short-Term)

Trade Plan (Intraday)

Sell Position (Preferred)

Entry Zone: 76,500 – 77,000

T$BTC

BTC
BTCUSDT
77,484.1
-1.81%

arget 1: 75,800

Target 2: 75,000

Target 3: 74,200 (demand zone)

Stop Loss: Above 78,200

Price rejected from resistance (~78K)

Lower highs forming → bearish structure

Momentum weakening after sharp rally

Market currently in pullback phase after bullish move

Alternative Scenario (Buy Only If Confirmed)

Buy only if price:

Breaks and holds above 78,200

Shows strong volume continuation

Then targets can move toward 79K–80K.