Bearish Outlook for Bitcoin : Shorting at Key Resistance Levels

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Bitcoin continues to show signs of bearish momentum, following last week's downtrend. The price has pulled back to a premium within the current range, creating an opportunity for short positions. On the daily chart, there's a noticeable inefficiency, and Bitcoin seems to be moving towards this gap.

The key level to watch for shorting is **$64,622**, where the price is expected to reverse after the pullback. Traders are advised to wait for confirmation before entering any short trades at this critical resistance level.

Conclusion :

With Bitcoin's recent price action showing continued bearish bias, the $64,622 level offers a strong entry for short positions. As the inefficiency in the market closes, traders should remain cautious and manage their positions accordingly.