$BTC /USDT BEARISH CONTINUATION LIKELY – SELLERS STILL IN CONTROL
Bitcoin is showing strong bearish momentum after a sharp rejection from the 76,780 high. Price is currently trading near 70,500, hovering just above the daily low 70,140, indicating weak buyer interest. Heavy volume on the sell side and consecutive lower highs confirm bearish market structure. Unless BTC reclaims key resistance levels, further downside pressure is expected.
📉 Trade Setup (SHORT)
Entry Zone:
🔹 71,200 – 72,000 (Pullback / Retest area)
Take Profit Targets:
🎯 TP1: 69,800
🎯 TP2: 68,500
🎯 TP3: 66,800
Stop Loss:
🛑 73,900 (Above recent rejection & structure high)
🔍 Market Outlook
Overall sentiment remains bearish as BTC trades below key intraday and short-term resistance levels. A failure to hold 70,000 could accelerate selling towards the 68k–66k liquidity zone. Bulls need a strong reclaim above 74,000 to invalidate this bearish setup. Until then, rallies are likely to be sold.
#BTC #BTCUSDT #CryptoAnalysis #BearishMarket #EthereumLayer2Rethink? $BTC
