$BTC Do not long BTC here.. Take it from someone who has seen these distribution phases trap buyers at the peak right before a massive correction.. It didn’t struggle to hold the $79k level just to stay in this weak consolidation zone..
In few hours liquidity will sweep the downside and the coin will drop toward the lower support clusters.. Short is safer but keep your SL tight..
A real recovery might come later but not now.. The chart is showing a clear rejection from the top resistance zone after a fake breakout attempt, so deal with it accordingly..
Entry zone: $78,200 — $78,500
TP1: $74,800
TP2: $70,500
SL: $80,200