๐ BTCUSD Resistance Rejection Setup ๐ฅ
Pair: BTCUSD
Timeframe: 5 Minute
Current Price: 73,500+
Bitcoin has retested the major resistance zone (73,700 โ 73,800) after a strong bullish move โ
The chart is clearly forming a Double Top / M Pattern where the price has rejected from resistance ๐
๐ Setup Details:
๐น Entry: 73,600 โ 73,750 zone
๐น Stop Loss: above 73,950
๐น Target 1: 72,800
๐น Target 2: 72,000 โ 71,200 zone
Volume is also weakening in the upper zone, confirming the rejection.
โ ๏ธ Important:
If the price gives a strong breakout and sustains above 74,000, then the bearish setup could become invalid.
๐ฌ What is your view?
Will there be a breakout or strong rejection?
#BTCUSD #Bitcoin #TradingSetup #Resistance #PriceAction #cryptotrading $BTC
Pair: BTCUSD
Timeframe: 5 Minute
Current Price: 73,500+
Bitcoin has retested the major resistance zone (73,700 โ 73,800) after a strong bullish move โ
The chart is clearly forming a Double Top / M Pattern where the price has rejected from resistance ๐
๐ Setup Details:
๐น Entry: 73,600 โ 73,750 zone
๐น Stop Loss: above 73,950
๐น Target 1: 72,800
๐น Target 2: 72,000 โ 71,200 zone
Volume is also weakening in the upper zone, confirming the rejection.
โ ๏ธ Important:
If the price gives a strong breakout and sustains above 74,000, then the bearish setup could become invalid.
๐ฌ What is your view?
Will there be a breakout or strong rejection?
#BTCUSD #Bitcoin #TradingSetup #Resistance #PriceAction #cryptotrading $BTC