$BTC delivered on the 1H M-top breakdown with textbook precision, slicing clean through the $85,070 neckline and flushing down to $83,840.
If you took the breakdown short when $85,070 gave way, you have a solid cushion. Lock in partials right here and trail your stop to $85,600 to ensure this trade cannot turn red.
The immediate target is the $81,970 prior range ceiling. This is the structural dividing line. Only an hourly close through $81,970 confirms the entire push above was a liquidity sweep, which opens the path toward deeper distribution.
Do not chase late short fills in no-man's-land. Either let price reach the $82,000 target to cover your position, or wait for an exhausted relief tap toward $85,000 before adding. Hard stop on any 1H close back above $85,800.
If you took the breakdown short when $85,070 gave way, you have a solid cushion. Lock in partials right here and trail your stop to $85,600 to ensure this trade cannot turn red.
The immediate target is the $81,970 prior range ceiling. This is the structural dividing line. Only an hourly close through $81,970 confirms the entire push above was a liquidity sweep, which opens the path toward deeper distribution.
Do not chase late short fills in no-man's-land. Either let price reach the $82,000 target to cover your position, or wait for an exhausted relief tap toward $85,000 before adding. Hard stop on any 1H close back above $85,800.
