$BTC USDT Perpetual short position and current price structure:

🔴 $BTCUSDT – Bearish Continuation Breakdown

BTC has confirmed a strong rejection from the 79K supply zone and is now printing lower highs + lower lows on intraday timeframes. Momentum favors sellers as price breaks below key support and funding/volatility suggest continued downside pressure.

The move from 79,139 → 70,757 shows clear distribution and trend continuation. Bears remain in control unless price reclaims 74.5K–75K resistance.

📉 Trade Setup (Short)

Entry Range: 72,800 – 74,500

Target 1: 69,500

Target 2: 66,800

Target 3: 63,500

Stop Loss (SL): 76,800

🔑 Key Levels

Resistance: 74.5K / 76.8K / 79K

Support: 69.5K / 66.8K / 63.5K

Breakdown zone: Below 73K

📊 Market Outlook

Short-term bias remains bearish. Any bounce is likely a relief rally unless BTC reclaims 75K+. Expect volatility and further downside sweeps toward liquidity zones near 67K–64K.

Sellers dominate — rallies are opportunities to short, not chase longs.

If you'd like, I can also format this into a Telegram/Twitter styled signal post or adjust targets based on 15m/1h/4h timeframe.#EthereumLayer2Rethink? #TrumpEndsShutdown #EthereumLayer2Rethink?