While late buyers chase the extended rally, this supply rejection setup on $BTC is positioning for a deep corrective retracement toward lower liquidity zones.
After hitting local highs, price tapped directly into a premium supply block near $87,712.47 and printed a clear lower-high distribution structure. The current price action around $85,271.51 shows seller control, validating a short entry setup with an attractive risk-to-reward ratio.
Holding below the invalidation level above $87,712.47 maintains the short bias, targeting primary downside levels at $82,729.09 and $78,358.77 , with ultimate expansion toward the major support zone around $75,429.35 . A daily close above $87,712.47 invalidates the short thesis and reopens bullish momentum.
Don't buy into overhead distribution—wait for supply rejections to confirm high-probability corrective setups.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
After hitting local highs, price tapped directly into a premium supply block near $87,712.47 and printed a clear lower-high distribution structure. The current price action around $85,271.51 shows seller control, validating a short entry setup with an attractive risk-to-reward ratio.
Holding below the invalidation level above $87,712.47 maintains the short bias, targeting primary downside levels at $82,729.09 and $78,358.77 , with ultimate expansion toward the major support zone around $75,429.35 . A daily close above $87,712.47 invalidates the short thesis and reopens bullish momentum.
Don't buy into overhead distribution—wait for supply rejections to confirm high-probability corrective setups.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
