$BTC is showing a bearish continuation setup after losing short-term momentum and facing rejection near the $76,000 resistance zone.
Sellers remain in control on the 4H structure, while buyers need to reclaim $76,550 to improve the recovery outlook. A pullback into resistance followed by bearish confirmation offers a more realistic entry.
EP: $75,900–$76,300
TP1: $75,300
TP2: $75,029
TP3: $74,150
SL: $76,750
Recent liquidity activity around $75,735–$76,265 makes this an important reaction zone. The $75,029 support is the first major downside target, followed by $74,150. A strong 4H close above $76,550 invalidates this short idea.#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #USNovemberMichiganExpectationsIndexPrelimAt50.9
Sellers remain in control on the 4H structure, while buyers need to reclaim $76,550 to improve the recovery outlook. A pullback into resistance followed by bearish confirmation offers a more realistic entry.
EP: $75,900–$76,300
TP1: $75,300
TP2: $75,029
TP3: $74,150
SL: $76,750
Recent liquidity activity around $75,735–$76,265 makes this an important reaction zone. The $75,029 support is the first major downside target, followed by $74,150. A strong 4H close above $76,550 invalidates this short idea.#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #USNovemberMichiganExpectationsIndexPrelimAt50.9