Short setup anylsis
The daily candle closing below resistance at 81232.9 shows clear weakness. Since today's daily candle continues to trade below this key level, momentum is building for a bearish pullback.
First CMP GAP:-80432
Daily close above 83K
Target 88K,96K
Below closing target
Target 1:-77811.6
Target 2:- 73000
Target 3:-67000
Rejection zone daily close below 81232 confirms a lack of buying volume at the higher boundary of the range.
As long as price remains acceptance below 82265.2, the probability favors sellers. A downside expansion toward support levels and deeper liquidity zones remains the primary scenario.
Watching lower timeframe price action closely throughout the day for further confirmation
Good for short positions.
This is My personal analysis Do your own research
#btc70k
The daily candle closing below resistance at 81232.9 shows clear weakness. Since today's daily candle continues to trade below this key level, momentum is building for a bearish pullback.
First CMP GAP:-80432
Daily close above 83K
Target 88K,96K
Below closing target
Target 1:-77811.6
Target 2:- 73000
Target 3:-67000
Rejection zone daily close below 81232 confirms a lack of buying volume at the higher boundary of the range.
As long as price remains acceptance below 82265.2, the probability favors sellers. A downside expansion toward support levels and deeper liquidity zones remains the primary scenario.
Watching lower timeframe price action closely throughout the day for further confirmation
Good for short positions.
This is My personal analysis Do your own research
#btc70k