I’m also watching $BTC for a short
BTC got rejected from the $81.4K area and has been slowly bleeding lower since. Price is now sitting around $79.5K, and every bounce is struggling to build real momentum.
Entry: $79,500–$79,900
Targets:
TP1: $79,000
TP2: $78,400
TP3: $77,500
SL: Above $80,400
The $79K area is important here. If BTC loses it cleanly, I’d expect sellers to press the move further. I wouldn’t chase a dump though. I’d rather see a small bounce into resistance first and let the rejection confirm the trade.
BTC got rejected from the $81.4K area and has been slowly bleeding lower since. Price is now sitting around $79.5K, and every bounce is struggling to build real momentum.
Entry: $79,500–$79,900
Targets:
TP1: $79,000
TP2: $78,400
TP3: $77,500
SL: Above $80,400
The $79K area is important here. If BTC loses it cleanly, I’d expect sellers to press the move further. I wouldn’t chase a dump though. I’d rather see a small bounce into resistance first and let the rejection confirm the trade.
