BTC Fails to Break $78K — Short Bias
$BTC rallied to around $78.3K, but the push is weakening. Price got rejected again at the $78K resistance — a zone where sellers have been active before. Momentum is cooling off, volume isn’t backing a breakout, and lower timeframes are showing a lower high — hinting at a pullback.
Trade Idea (Short):
Sell Area: $77,200 – $78,000
TP1: $76,700
TP2: $76,200
TP3: $75,500
SL: $79,20
This move looks more like profit booking after a rally rather than new buying pressure.
Hold above $78K = bullish continuation
More rejection = downside likely
Current approach: fade the resistance, avoid chasing the rally