$BTC is losing structure – I'm looking at the next breakdown
The coin has been rejected strongly from the 77,600-77,800 range and the 15-minute chart is showing a very obvious pattern of lower highs and lower lows right now……
Price is attempting to find some stability around 76,600, but overall, the short-term structure is bearish. Should the support break, the decline could accelerate very fast…...
$BTC SHORT
Entry: 76,600 – 76,850
Stop Loss: 77,150
TP1: 76,200
TP2: 75,500
TP3: 74,900
The important level for this trade is 76,400-76,500. A breakout lower will signal further decline, whereas a breakout higher would invalidate the bearish approach…..
I'm not trying to chase this move right now. The much better scenario is a failed test of resistance and then another rejection……
#BTC #BTCUSDT #Bitcoin #CryptoTrading
#FedHikeOddsRiseTo68%
The coin has been rejected strongly from the 77,600-77,800 range and the 15-minute chart is showing a very obvious pattern of lower highs and lower lows right now……
Price is attempting to find some stability around 76,600, but overall, the short-term structure is bearish. Should the support break, the decline could accelerate very fast…...
$BTC SHORT
Entry: 76,600 – 76,850
Stop Loss: 77,150
TP1: 76,200
TP2: 75,500
TP3: 74,900
The important level for this trade is 76,400-76,500. A breakout lower will signal further decline, whereas a breakout higher would invalidate the bearish approach…..
I'm not trying to chase this move right now. The much better scenario is a failed test of resistance and then another rejection……
#BTC #BTCUSDT #Bitcoin #CryptoTrading
#FedHikeOddsRiseTo68%
