📊 TRADE SETUP SHORT 📉: $BTC
Entry Zone: $77,145 - $77,345
Stop Loss: $77,744
🎯 TP1: $76,646
🎯 TP2: $76,048
🚀 TP3: $75,549
Market Context: Bitcoin is currently trading near $77,240. Your entry zone is tightly aligned with the current market price, making this a highly actionable setup if you are betting on a rejection at the $77,500 level.
Technical Outlook: As you noted, the inability to hold higher levels and the formation of lower highs on the local timeframe point to exhausted bullish momentum. With price currently hovering just below the entry range, you are essentially "selling the resistance" test.
Risk Management: The stop loss at $77,744 is critical. A break above this level would negate the "lower highs" thesis and suggest that buyers are absorbing the supply, which could lead to a rapid squeeze toward $78k+. Maintain disciplined exits if the resistance fails to hold.
Not financial advice. Trade with caution and protect your capital.