$BTC
While momentum chasers buy into local relief bounces, this 4-hour chart on $BTC is rejecting overhead supply following a sharp breakdown to set up a short position.
After failing to sustain upside momentum and sliding downward, price has retraced into the resistance zone, currently trading around $80,930.37. The projected path outlines a continuation downward from the current entry level toward the lower take-profit target near $76,896.34.
Holding below the stop-loss level at $85,002.92 keeps the short setup active, targeting $76,896.34. A strong push and close above $85,002.92 invalidates the bearish bias and shifts focus back toward higher range resistance.
Don't short into local support floors—wait for confirmed rejections at key supply blocks before positioning for the downside continuation.
#BTC #Bitcoin
While momentum chasers buy into local relief bounces, this 4-hour chart on $BTC is rejecting overhead supply following a sharp breakdown to set up a short position.
After failing to sustain upside momentum and sliding downward, price has retraced into the resistance zone, currently trading around $80,930.37. The projected path outlines a continuation downward from the current entry level toward the lower take-profit target near $76,896.34.
Holding below the stop-loss level at $85,002.92 keeps the short setup active, targeting $76,896.34. A strong push and close above $85,002.92 invalidates the bearish bias and shifts focus back toward higher range resistance.
Don't short into local support floors—wait for confirmed rejections at key supply blocks before positioning for the downside continuation.
#BTC #Bitcoin
