$BTC is sitting back in a key sell zone. Either it breaks through with strength, or we see continuation to the downside.
I’m leaning SHORT here.
Trade Plan:
Entry: 68070.702 – 68407.045
SL: 69247.901
TP1: 67229.846
TP2: 66893.504
TP3: 66220.819
Why I’m taking this setup:
The 1D trend structure is still bearish, which supports the downside bias. On the 4H, I’m targeting a move into 67229.846 as the first objective. I’m not blindly shorting — I’m waiting for confirmation on lower timeframes inside the 68070–68407 zone. No guessing, only reacting to price.
If we see weakness and rejection in this area, I expect price to unwind toward TP1 first. Lower timeframe RSI is not in extreme oversold territory yet, so there’s still room for the move to expand.
Invalidation is clear for me. If price reclaims and accepts above 72550.214, this short idea is off the table.
Now the question is simple:
Do we follow through toward 67229.846, or do we get a strong reclaim that kills the setup?
What’s your bias?
