Bitcoin ($BTC$) recently made a strong attempt near $73,800$, but repeated "Wick Rejections" have proven that the buyers' fuel has run out. When the market shows "Exhaustion" at the top, understand that the big players are now targeting the liquidity below.
Why BTC Could Fall From Here? (Logical Analysis):
Buying Exhaustion: The $73,800$ level on the 5-minute chart shows a "Triple Top" rejection. Buyers made an effort but could not sustain the price.
Liquidity Hunt: The market needs more "Fuel" to go up, and that fuel is present in the stop-losses of retail traders below ($73,200$ and below).
The Trap: This recent "BOS" (Break of Structure) may be a Bull Trap to get people to enter buys and then the market falls taking their money.
Trade Setup (Short Scalp):
Entry Range: $73,650 - $73,750$
Stop Loss (SL): $73,850$ (Slightly above the wick—Invalidation Level)
Take Profit 1 (TP1): $73,200$ (BPR / Blue Box retest)
Take Profit 2 (TP2): $68,600$ (Major FVG and our "Strong" Demand Zone)
⚠️ Disclaimer: Crypto trading is risky. Keep your lot size small and watch for breakdown below $70,000$. (for educational purposes only) not for trading
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