Recommendation: Short
$BTC (Bearish Continuation Setup)
Entry: $68,200–$68,800 (current retest zone) or $69,500–$70,200 (resistance area)
Take Profit: $66,200–$65,500 or $63,800
Stop Loss: $71,500–$72,200
Reason
On the 4H chart, BTC printed a clear double-top structure near $73.5K and got rejected hard. Since then, price has been making lower highs and breaking below key support levels. The current bounce looks weak just a retest of broken structure before the next leg down.
The $69K–$70K zone is now acting as resistance, and unless BTC closes a 4H candle above $71K with volume, the path of least resistance is down. First target is the $66K liquidity zone, where price previously consolidated. A break below $67.5K could accelerate selling toward $64K–$65K.
Bias stays bearish as long as price holds under $70K. A reclaim above $71.5K with strong volume would flip the structure and invalidate the short.
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