$BTC -1.1% today — bearish 1H structure remains firmly in control.
My bias stays bearish while BTC trades below the 79,570.9 swing high. This aligns with the weekly structure, but the daily trend remains bullish, making this a counter-trend short setup. I want clear rejection or a lower-timeframe structure shift before calling it high conviction.
Key setup:
- First target: 76,680
- Demand zone: 76,350
- If demand fails with strong volume: 76,209 and potentially the 76K area
- Entry zone: 77,240–77,480 on a bounce into the previous HL / supply
- Confirmation: rejection wick, bearish engulfing, or 5M/15M MSS
- Avoid chasing in the middle of the range
- Protection: beyond the structure flip
- Invalidation: 1H close above 79,570.9
The key question: will 76,350 hold, or does BTC continue deeper toward 76K?...$BTC
#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #Binance
My bias stays bearish while BTC trades below the 79,570.9 swing high. This aligns with the weekly structure, but the daily trend remains bullish, making this a counter-trend short setup. I want clear rejection or a lower-timeframe structure shift before calling it high conviction.
Key setup:
- First target: 76,680
- Demand zone: 76,350
- If demand fails with strong volume: 76,209 and potentially the 76K area
- Entry zone: 77,240–77,480 on a bounce into the previous HL / supply
- Confirmation: rejection wick, bearish engulfing, or 5M/15M MSS
- Avoid chasing in the middle of the range
- Protection: beyond the structure flip
- Invalidation: 1H close above 79,570.9
The key question: will 76,350 hold, or does BTC continue deeper toward 76K?...$BTC
#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #Binance