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The market is showing a potential rejection at a key resistance zone, with early signs of weakening structure on the intraday timeframe. This setup focuses on a bearish continuation after a retracement.
🔻 Entry (Sell Limit): 81.25 🛑 Stop Loss: 81.44/81.70 🎯 Take Profit 1: 79.68 🎯 Take Profit 2: 78.50
📌 Brief Analysis:
- 81.20–81.40 is a strong supply / resistance zone - Lower high structure is forming (early bearish indication) - Favorable Risk-to-Reward ratio (>1:2) - Potential liquidity sweep before downside expansion
⚠️ Note: Strictly follow the stop loss. If price breaks and closes above 81.43, the setup is invalid.
💡 Execution Plan:
- Enter only if price reaches the limit area - Secure partial profit at TP1, let the rest run to TP2 - Consider trailing stop after TP1 is hit
BTC is hovering around 68,891.01 while staying closer to the lower part of the 68,110.55 - 71,018.67 range. Unless buyers reclaim strength, bearish pressure may continue.
BTC is reacting after a strong sell-off and currently retracing into the mid-range and FVG area. As long as price stays below the premium zone, I’m watching for bearish continuation, while the 68.3k–68.0k area remains the key support to monitor. $BTC
BTC is reacting after a strong sell-off and currently retracing into the mid-range and FVG area. As long as price stays below the premium zone, I’m watching for bearish continuation, while the 68.3k–68.0k area remains the key support to monitor. $BTC
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