$BTC /USDT – DEAD BOUNCE – PREPARE FOR REJECTION
TRADE SETUP (SHORT)
· Entry Zone: $80,800 – $81,000
· Take Profits:
· TP1: $80,300
· TP2: $80,000
· TP3: $79,500
· Stop Loss: $81,500 (above MA25 & MA99)
Bitcoin is trading at $80,826, up a paltry 0.16%, but remains trapped below all major moving averages (MA25 at $81,110 and MA99 at $81,100). The intraday high near $82,400 was rejected hard, and volume is anemic. This is a low-liquidity squeeze, not a reversal. Expect another leg down to retest the $80,280 low and likely break it.
SHORT MARKET OUTLOOK
· Momentum: Bearish – lower highs, price below key MAs
· Trend: Weak on daily (-0.55% today), recovery failing
· Key Levels: Resistance $81,100 / $82,480 | Support $80,280 / $80,000
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