$BTC Technical Context
Trend Resistance: Bitcoin has been testing the $78,000 zone over the last 48 hours but has failed to hold above it, dropping from $78,247 on April 23 to approximately $77,303 today. This suggests a weakening of bullish momentum.
Entry Logic: Entering at 77,270 aligns with a breakdown of local support. If the price remains under $77,500, the "Short" thesis holds weight as it confirms a lower high.
Target Logic: * TP1 ($75,724): Aligns closely with the April 20 support level ($75,860). This is a logical spot to take partial profits or move the SL to break even.
TP3 ($72,634): This would require a significant correction, pushing the price back toward the mid-April lows near $73,800.$BTC
BTCUSDT
Perp
77,945.7
+0.59%