$BTC SHORT SETUP | Bears Watching Closely
Entry: $78,300 – $79,400
SL: $80,400
TP1: $77,300
TP2: $76,700
Bitcoin is facing pressure after breaking below the Bull Market Support Band and the 200-week moving average.
In the previous cycle, BTC consolidated around these levels before moving higher. Now, the market is testing the Bull Market Support Band for the first time since this summer’s initial rally.
Weekly closes will be crucial. A rejection could favor further downside, but a strong reclaim may change the outlook.
Manage risk and avoid chasing the move.
Trade on $BTC
Entry: $78,300 – $79,400
SL: $80,400
TP1: $77,300
TP2: $76,700
Bitcoin is facing pressure after breaking below the Bull Market Support Band and the 200-week moving average.
In the previous cycle, BTC consolidated around these levels before moving higher. Now, the market is testing the Bull Market Support Band for the first time since this summer’s initial rally.
Weekly closes will be crucial. A rejection could favor further downside, but a strong reclaim may change the outlook.
Manage risk and avoid chasing the move.
Trade on $BTC
