$BTC Rejected Below Key Resistance Bears Still Hold the Short-Term Edge
Trade Setup: Short
Entry Zone: $59,300 – $59,500
SL: $60,510
TP1: $58,500
TP2: $57,800
TP3: $56,700
Sellers continue defending the resistance zone, and price is struggling to reclaim higher levels after the recent bounce. As long as $BTC remains below the stop-loss area, the bias favors a move toward lower support.
{future}(BTCUSDT)
Trade Here On $BTC 👇
This is manipulation mixed with 4-year cycle.
Since the October 10th crash, the biggest liquidation event in crypto history which wiped out $19 billion in 24 hours, Bitcoin has not been the same.
After that, Bitcoin crashed -54% from $126K to $58K with no real bounce like we saw in 2018 and 2022 bear markets.
We saw a nonstop dump in Bitcoin and this cycle ended with no altseason at all.
The weird thing is, since the Oct 10th NASDAQ is up 28%, reaching a new ATH of 30,764, with many stock...