$BTC Congratulations to everyone who followed me in going against the trend and shorting in my previous analysis, while the market was still surging strongly.
The recent rally looks like a rebound into the resistance zone. As long as the price stays below the 79000 resistance level, the trend remains bearish.
The sharp rebound from 75736 to 78718 was met with an abrupt and immediate rejection. Since the price failed to break above the previous local high, the current bias is shifting back to bearish.
$BTC Short setup
· Short entry: 78400 - 78900 (wait for a retest of the recent rejection level)
· Stop loss: Above 79600
· TP1: 77500
· TP2: 76300
· TP3: 75700
Support me by trading here 👇$BTC
The recent rally looks like a rebound into the resistance zone. As long as the price stays below the 79000 resistance level, the trend remains bearish.
The sharp rebound from 75736 to 78718 was met with an abrupt and immediate rejection. Since the price failed to break above the previous local high, the current bias is shifting back to bearish.
$BTC Short setup
· Short entry: 78400 - 78900 (wait for a retest of the recent rejection level)
· Stop loss: Above 79600
· TP1: 77500
· TP2: 76300
· TP3: 75700
Support me by trading here 👇$BTC
