🚨 $BTC SHORT Rejection From the Descending Trendline
📌 Trade Setup: SHORT
Entry: $63,400–$63,550
🔥 Targets:
TP1 ➜ $63,000
TP2 ➜ $62,506
TP3 ➜ $61,789
❌ Stop Loss: $64,175
Why? BTC is testing the descending resistance on the 4H chart while remaining below the key $64K area. A rejection here could send price back toward $62.5K support and potentially lower. Recent market coverage also shows BTC struggling to sustain upside-breakout momentum.
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Trade $BTC on Binance
📌 Trade Setup: SHORT
Entry: $63,400–$63,550
🔥 Targets:
TP1 ➜ $63,000
TP2 ➜ $62,506
TP3 ➜ $61,789
❌ Stop Loss: $64,175
Why? BTC is testing the descending resistance on the 4H chart while remaining below the key $64K area. A rejection here could send price back toward $62.5K support and potentially lower. Recent market coverage also shows BTC struggling to sustain upside-breakout momentum.
Click here to Trade 👇
Trade $BTC on Binance