$BTC (1H)corrective bounce into intraday resistance within broader short term downtrend.
Trade Direction:
Short (Bearish intraday structure)
Entry:
67,750 – 68,050
Stop Loss:
69,150
TP1:
67,000
TP2:
66,200
TP3:
65,750
Explanation:
On the 1H chart, price is trading below the 99 MA and structure remains lower high / lower high from the 69,900 area. The recent push toward 67.8k is a corrective bounce after sweeping liquidity near 65,700. Buyers reacted from that low, but momentum slowed as price moved back into prior breakdown supply around 68k. Volume does not show expansion on this bounce compared to the earlier sell off. Unless 69k is reclaimed, this looks like a relief rally into resistance rather than trend reversal.
Final execution note.
I am treating this as a short into resistance with invalidation above 69,150. If price reclaims and holds above that level, I step aside and reassess.
Trade here ⬇️⬇️
