Market Analysis of BTC/USDT (15m Chart)
Bitcoin is currently showing $BTC a significant cooling-off period after failing to hold the $69,000 psychological barrier. We are seeing a classic "Double Top" rejection at $69,310, followed by a breakdown of the immediate trend.
Signal: SHORT
* Bias: Bearish (Intraday). The momentum has flipped. I’m looking for a retest of lower liquidity zones as the market shakes out late long positions.
* Entry Zone: $68,480 – $68,700
* Take Profit (TP): $67,600 (Key support near the MA99)
* Stop Loss (SL): $69,500
.#BTC #CryptoTrading. #TechnicalAnalysis #MarketUpdate #TradingSignals
Bitcoin is currently showing $BTC a significant cooling-off period after failing to hold the $69,000 psychological barrier. We are seeing a classic "Double Top" rejection at $69,310, followed by a breakdown of the immediate trend.
Signal: SHORT
* Bias: Bearish (Intraday). The momentum has flipped. I’m looking for a retest of lower liquidity zones as the market shakes out late long positions.
* Entry Zone: $68,480 – $68,700
* Take Profit (TP): $67,600 (Key support near the MA99)
* Stop Loss (SL): $69,500
.#BTC #CryptoTrading. #TechnicalAnalysis #MarketUpdate #TradingSignals