Market Sentiment

BTC was moving inside a rising wedge compression structure
Price kept making higher lows, but failed every time near the upper diagonal resistance
This is the key reason
Upside was getting sold consistently
No strong bullish expansion despite multiple attempts
Buyers were only defending, not in control
What we observed on charts
Multiple rejections from the same supply line
Momentum started slowing near the top
Risk reward was clearly better on short side near resistance
Structure wise
Rising wedge generally resolves on the downside
Smart money sells near resistance, not at support
So the short is not random
Taken near supply
With defined invalidation
Expecting either a range rotation or breakdown from support
If price gives a clean breakout and sustain above resistance
short thesis fails
#BinanceSquareTalks #BTC #MarketSentimentToday

@Sandiyapro plus @OneTrade007 @TINKLAW - TEAMMATRIX @EarnPii - TEAM MATRIX - TANK TinkTank @Emaan786