Sellers maintain control of $BTC despite a shallow bounce from recent lows. ๐Ÿ“‰ 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. ๐Ÿป

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. ๐Ÿ“‰

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. โš ๏ธ

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