Bitcoin ($BTC ) is currently facing strong overhead resistance around the $80,000 psychological milestone. After failing to sustain higher levels and showing continuous lower highs on lower timeframes, market momentum is tilting in favor of sellers. A breakdown below immediate local support could trigger a sharp downside acceleration.

📉 Trade Plan & Execution Details

Current Market Price: ~$79,700 – $80,000

Entry Zone: $80,200 – $80,600 (Look for a confirmed rejection wick or 15m/1h candle close below resistance)

Target 1 (TP1): $78,800 (Immediate liquidity pool)

Target 2 (TP2): $77,500 (Major daily support zone)

Stop Loss (SL): $81,600 (Above recent swing high and breakdown zone)

Recommended Leverage: 3x – 5x (Cross/Isolated)

🔍 Market Rationale & Technical Analysis

Overhead Resistance: Bulls are struggling to hold any sustained price action above $80,500, forming a clear distribution range.

Declining Volume: Recent relief bounces lack heavy volume backing, indicating weak buyer commitment and susceptibility to a sharp flush.

Invalidation Level: If 4-hour candles manage to close firmly above $81,600, the bearish thesis is invalidated, and shorts should be cut immediately.