I'm watching $BTC closely after its strong intraday recovery. Price climbed from around $81,645 toward the $82,295 region, but the latest move is showing weakness.
BTC is currently trading at $82,124, below the MA60 at $82,185.73. That loss of momentum makes me more interested in a potential short than chasing another long.
The recent rejection near the upper range, followed by a drop below the moving average, suggests buyers are struggling to maintain control.
My Trade Setup (Conditional SHORT)
📍 Entry: Below $82,124 after bearish confirmation.
🎯 TP1: $82,039.64
🎯 TP2: $81,908.16
🎯 TP3: $81,776.67 (extended target)
🛑 Invalidation: Sustained recovery above $82,185.73.
A move back above the MA60 would weaken my bearish idea, particularly if BTC manages to hold that level.
Volume also looks relatively quiet compared with the earlier buying activity, so I wouldn't treat this pullback as a confirmed reversal yet.
I'm watching whether sellers can push price toward $82,039.64. If that level breaks convincingly, the next downside area becomes interesting.
No reason to rush this entry. I want confirmation first.