I’m watching $BTC for another selling setup here.
Price already got rejected hard from the $80K area, and since then BTC has been struggling to reclaim momentum above $79K. Right now it’s consolidating around $78.9K after that rejection.
What I’m watching is whether sellers keep defending the $79.2K–$79.6K zone. If BTC fails there again, a deeper pullback starts to look more likely.
Entry: $78,900–$79,300
TP1: $78,400
TP2: $77,500
TP3: $76,820
SL: Above $80,000
For me, $80K is the invalidation level. As long as BTC stays below it, I’m watching for sellers to take control again.
I wouldn’t short a random red candle though. I’d rather see a weak bounce into resistance first, then let the rejection confirm the setup.
Price already got rejected hard from the $80K area, and since then BTC has been struggling to reclaim momentum above $79K. Right now it’s consolidating around $78.9K after that rejection.
What I’m watching is whether sellers keep defending the $79.2K–$79.6K zone. If BTC fails there again, a deeper pullback starts to look more likely.
Entry: $78,900–$79,300
TP1: $78,400
TP2: $77,500
TP3: $76,820
SL: Above $80,000
For me, $80K is the invalidation level. As long as BTC stays below it, I’m watching for sellers to take control again.
I wouldn’t short a random red candle though. I’d rather see a weak bounce into resistance first, then let the rejection confirm the setup.
