BTCUSDT — Breakdown Retest Setup
BTCUSDT is trading at $67,590.6, attempting a low-volume bounce after hitting the 24h low of $65,718.5. Price is now retesting the $68,000–$69,000 breakdown zone, which previously acted as support and now serves as resistance. The bounce lacks conviction, suggesting selling pressure remains active.
Trade Plan
👉 Entry (Short): $67,800–$68,200 (On retest of breakdown resistance)
💥 Target 1: $66,500 (Immediate support)
🚀 Target 2: $65,700–$65,000 (24h low retest and next support zone)
🤕 Stop Loss: $68,800 (Above breakdown resistance and recent high)
My View
BTC remains in a clear downtrend. The current bounce is a low-volume retracement within bearish structure, not a reversal. Higher probability trade is SHORT on retest of the $68,000–$69,000 resistance zone for continuation toward $65,000. Wait for bearish rejection candles near entry. No long setup until price forms a higher low and breaks above key resistance with volume.
