$BTC — Failed breakout, trap forming
Trading Plan — Short $BTC
Entry: 76,800 – 77,400
SL: 79,600
TP1: 75,600
TP2: 74,300
TP3: 72,900
Price pushed into the 79.4k resistance but failed to sustain above it, leaving a clear rejection and sharp downside move.
This is not continuation — this is failure at highs.
Structure now shows:
* Lower high forming after rejection
* Strong bearish follow-through candle
* Loss of short-term structure (below EMA50)
Momentum confirms weakness:
* MACD rolling down → bearish shift
* Volume rising on sell-side → distribution
* L/S ratio leaning short → sentiment turning
This kind of move typically traps breakout buyers before rotating lower.
If price fails to reclaim 77.5k, downside continuation becomes highly probable.
#BTC
⸻
Disclaimer:
This is a personal market view, not financial advice. Always manage risk and position sizing properly.
⸻
Trade $BTC here 👇
Trading Plan — Short $BTC
Entry: 76,800 – 77,400
SL: 79,600
TP1: 75,600
TP2: 74,300
TP3: 72,900
Price pushed into the 79.4k resistance but failed to sustain above it, leaving a clear rejection and sharp downside move.
This is not continuation — this is failure at highs.
Structure now shows:
* Lower high forming after rejection
* Strong bearish follow-through candle
* Loss of short-term structure (below EMA50)
Momentum confirms weakness:
* MACD rolling down → bearish shift
* Volume rising on sell-side → distribution
* L/S ratio leaning short → sentiment turning
This kind of move typically traps breakout buyers before rotating lower.
If price fails to reclaim 77.5k, downside continuation becomes highly probable.
#BTC
⸻
Disclaimer:
This is a personal market view, not financial advice. Always manage risk and position sizing properly.
⸻
Trade $BTC here 👇