$BTC Rejection from resistance.
SHORT $BTC
Entry: 59,800 - 60,500
S.L: 61,500
TP 1: 58,500
TP 2: 58,000
Full tp: 57,200
Thesis:
$BTC showing heavy rejection after testing the recent high and breaking down from key resistance zone. Price currently trading near 59,823 with bearish momentum building, confirmed by the rejection from upper levels. Next major support sits at lower demand area with volume supporting the downtrend.
SHORT $BTC
Entry: 59,800 - 60,500
S.L: 61,500
TP 1: 58,500
TP 2: 58,000
Full tp: 57,200
Thesis:
$BTC showing heavy rejection after testing the recent high and breaking down from key resistance zone. Price currently trading near 59,823 with bearish momentum building, confirmed by the rejection from upper levels. Next major support sits at lower demand area with volume supporting the downtrend.