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$BITO REJECTING SUPPLY – SMART MONEY SHORT SQUEEZE PLAY 📉
Entry: 8.60 – 8.65 ⚡
Target: 8.52 – 8.45 – 8.35 🎯
Stop Loss: 8.78 ⚠️
📌 Price has repeatedly wick-rejected at the 8.65 supply zone, revealing aggressive sell-side absorption right at the liquidity border. 🦈 Market makers are capping every long attempt, leaving a clear institutional footprint of distribution. On lower timeframes, we see consecutive wicks and failed breaks — textbook exhaustion structure.
🔍 This isn't a random top call. The pattern mirrors a classic liquidity grab above 8.60, then immediate rejection. The path of least resistance points toward the 8.35 demand hole. 💬 Are you shorting this rejection or waiting for a deeper retest before pulling the trigger? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#BITO #ShortSetup #Bearish #Crypto 🐻 📉