$BTC SHORT ALERT â HIGHEST SUPPLY OVERHANG SINCE 2020 đ„
Entry: 61,600 - 64,200 đ„
Target: 55,400 đ
Stop Loss: 66,300 â ïž
The H1 structure shows clear resistance between 61,600 and 64,200 with a well-defined stop above 66,300. Over 5.6 million BTC are currently held at a loss â the highest level since 2020 â increasing the probability of a capitulation event if support levels break. This creates a compelling short setup with staged targets down to 55,400.
Are you eyeing the short here or waiting for a retest of the upper range?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #SupplyOverhang #Crypto
đ„
Entry: 61,600 - 64,200 đ„
Target: 55,400 đ
Stop Loss: 66,300 â ïž
The H1 structure shows clear resistance between 61,600 and 64,200 with a well-defined stop above 66,300. Over 5.6 million BTC are currently held at a loss â the highest level since 2020 â increasing the probability of a capitulation event if support levels break. This creates a compelling short setup with staged targets down to 55,400.
Are you eyeing the short here or waiting for a retest of the upper range?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #SupplyOverhang #Crypto
đ„
