#BTC is reacting from a strong descending resistance trendline on the 1H timeframe.
Price faced rejection near the 68,700 – 69,400 supply zone, showing weakness after the recent bounce.
Immediate support is positioned around 64,750 – 63,800, which is the key demand area.
$BTC
Short Entry: 67,800 – 68,700
Stop Loss: Above 70,200
Take Profit 1: 65,000
Take Profit 2: 61,000 – 60,800
As long as BTC stays below the descending resistance, downside continuation remains likely. Manage risk properly and wait for confirmation before entry.
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