$BTC Under Selling Pressure — Bears Still in Control 🔻
Trade Signal (Day Trade — Short Setup):
Sell Range: 90,200–90,600
TP1: 89,300
TP2: 88,500
TP3: 87,600
SL: 91,800
Leverage: 20–50x (risk 1–2%)
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Why This Trade:
$BTC is struggling to reclaim key resistance and continues to show weakness after multiple rejection attempts near the 90.5K zone. The recent bounce looks corrective, not a trend reversal, as sellers keep stepping in on every push upward. Market sentiment remains cautious as ETF inflows have slowed down compared to the previous sessions, reducing bullish momentum. Liquidation data also shows repeated long liquidations near resistance, confirming that buyers are getting trapped. As long as $BTC stays below major resistance, downside pressure is expected to continue.
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