Sellers maintain control of $BTC despite a shallow bounce from recent lows. ๐ Current market dynamics suggest bearish momentum persists.
For those considering a short position on $BTC:
Entry: 79,200 โ 80,000
SL: 81,300
TP: 77,800 โ 76,200 โ 74,800
Previously, $BTC experienced an impulsive sell-off from its prior range, breaking structure and accelerating into the 75.7k liquidity pocket. The subsequent bounce appears corrective, with price struggling to hold below short-term EMAs and lacking strong buying interest. ๐ป
Bearish momentum is evident as rebounds are consistently sold, and volatility leans towards further downside expansion. The market structure continues to indicate lower prices as long as $BTC remains beneath the breakdown zone. ๐
Unless $BTC firmly reclaims and holds above 81,300, the bias for downside continuation remains favored. Traders should monitor this key level closely for potential shifts. โ ๏ธ
Trade BTC ๐
(BTCUSDT)
