$BTC Bouncing Back... But Is It Real? 🧐
From $65,618 to $68,200 — a clean +3.9% recovery. Now sitting at $67,593 after facing resistance at the peak.
$BTC — SHORT
Entry: 67,600 – 68,000
SL: 68,500
Targets:
TP1: 67,000
TP2: 66,500
TP3: 65,800
What I'm Seeing:
Rejected at $68,200 — same level as before
Current price $67,593 — indecision zone
Volume on this bounce? Nothing special
Lower high structure still intact on 4H
If $67,000 breaks, expect a retest of $66,500 and possibly $65,800. Bulls need to clear $68,200 to change the narrative.
The Big Question:
Is this the start of recovery or just a dead cat bounce before more downside?
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BTCUSDT
Perp
81,215.8
+0.50%