$BTC Short Setup
Entry Zone: 64,800–65,500
Stop Loss: 67,200
TP1: 63,800
TP2: 62,900
TP3: 62,000
Market Structure Analysis
Bitcoin is struggling to regain bullish momentum as the 1H chart continues to display a well-defined descending channel. The latest recovery from the 62,606 support region has brought BTC back toward the channel's upper resistance, but sellers are still positioned at this important technical barrier.
The chart reveals a consistent sequence of lower highs, with previous rallies repeatedly facing rejection along the descending resistance trendline. This pattern indicates that bearish pressure remains dominant despite temporary recovery attempts.
Entry Zone: 64,800–65,500
Stop Loss: 67,200
TP1: 63,800
TP2: 62,900
TP3: 62,000
Market Structure Analysis
Bitcoin is struggling to regain bullish momentum as the 1H chart continues to display a well-defined descending channel. The latest recovery from the 62,606 support region has brought BTC back toward the channel's upper resistance, but sellers are still positioned at this important technical barrier.
The chart reveals a consistent sequence of lower highs, with previous rallies repeatedly facing rejection along the descending resistance trendline. This pattern indicates that bearish pressure remains dominant despite temporary recovery attempts.
