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📉 $BTC SHORT SETUP — MAJOR FIBONACCI REJECTION ZONE ⚠️
Bitcoin is now tapping into a high-risk, high-reward resistance area, formed between the 0.382 – 0.5 Fibonacci retracement levels — a zone that previously triggered strong rejection and heavy selling pressure.
As price revisits this confluence zone, the probability of a fakeout → sharp rejection increases.
A clean rejection here could kick off a mid-cycle correction, offering a potential short opportunity.
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🔻 Short Entry Zone:
0.382 – 0.5 Fibonacci Area
🎯 Targets:
T1 → $72,607.37
T2 → $58,502.88
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📉 BTCUSDT Perp: 89,976.8 (-2.18%)
⚠️ Stay cautious — this zone may dictate Bitcoin’s next major move.
BTC
92,165.03
+2.70%