📉 $BTC
/USDT: Pressure Mounting at the Ceiling
Bitcoin’s recent push higher stalled almost instantly upon testing overhead resistance. With sell pressure intensifying on the 4H time frame and momentum rolling over, the structure points toward a deeper correction rather than a trend reversal.
⚡ The Trade Plan
Action: SHORT 🔴
Entry Zone: 67,900 – 68,300
Stop Loss (SL): 70,200 (Above key psychological resistance)
🎯 Take Profit Targets
TP1: 65,800 (Immediate Support)
TP2: 63,500 (Structural Liquidity)
TP3: 59,800 (Major Psychological Floor)
🔍 Technical Insight
Market Sentiment: The "dead cat bounce" appears to be losing steam. Buyers are failing to push price into a higher high, creating a classic bearish divergence.
Volatility: The current range is tightening, often a precursor to a sharp move. With 1H momentum trending down, the path of least resistance remains south.
Risk Note: A clean break above 70k invalidates the bearish thesis. Until then, we stay short-biased.
Debate: Is this just a breather before a run to 75k, or is the "coiled spring" about to snap downward?
#BTC #Bitcoin #CryptoSignals #BinanceSquare #MarketAnalysis
Nabiha Noor
Trading with clarity.