$WBTC USDT – BEARISH REJECTION AT KEY TRENDLINE🔥👅

Price pushed up into a major trendline and dynamic resistance zone but failed to hold above it, leading to a clear rejection. After the sharp recovery from the lows, momentum is now stalling, and sellers are stepping back in near resistance. The current structure shows a lower high forming, which increases the probability of another downside move if support fails.

Trade Setup:

• Entry Range: 87,900 – 88,100

• Target 1: 87,300

• Target 2: 86,700

• Target 3: 86,000

• Stop Loss (SL): 88,600

Short Outlook of Market:

Bias is bearish while price remains below the trendline and resistance area. A clean breakdown below local support would confirm continuation lower, while only a strong reclaim above resistance would invalidate this setup.