$BTC — Short Setup: Upside Momentum Still Getting Rejected 📉
Recent pushes higher continue to stall near resistance, and sellers are consistently stepping into strength. Price action shows weak follow-through from buyers, while downside moves are becoming cleaner and more decisive — a sign that supply is still controlling momentum for now.
Trade Plan (SHORT):
🔴 Entry Zone: 69,000 – 70,500
🛑 Stop Loss: 72,000
🎯 Targets:
• TP1: 66,800
• TP2: 64,500
• TP3: 62,000
📊 Market Read:
Repeated rejection on upside attempts
Buyers struggling to defend higher levels
Downside reactions showing stronger continuation
Risk management is key here — wait for confirmation and avoid chasing volatility. If sellers maintain pressure, continuation lower remains the higher-probability scenario.
BTCUSDT
Perp
66,275.8
-1.74%