$BTC USDT has experienced a trendline breakdown, indicating a potential shift in momentum towards sellers. Price action suggests a bearish bias in the short term. đ
Considering a Short position on $BTC.
Entry: 72,800 â 73,300
SL: 74,500
TP1: 71,800
TP2: 70,450
TP3: 69,200
A clean breakdown below the rising trendline, coupled with strong bearish expansion, confirms a structural shift on the 1-hour timeframe. The recent failed bounce and inability to reclaim 73,000 signals clear supply control. đť
As long as price remains below 74,500, the path of least resistance points towards downside liquidity targets between 70,000 and 69,000. Traders should monitor these levels closely. đ
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