$BTC
While momentum chasers buy into local relief bounces, this 30-minute chart on $BTC is rejecting overhead supply and high timeframe fair value gaps following a sweep of range lows to set up a short position.
After failing to sustain upside momentum and rallying into resistance, price is currently trading around $81,443.2. The projected path outlines a continuation downward from the current rejection zone through intermediate support toward the lower take-profit target near $79,061.4, with an interim stop at $80,085.5.
Holding below the invalidation level near $84,708.8 keeps the bearish continuation setup active, targeting $79,061.4. A strong push and close above $84,708.8 invalidates the short bias and shifts market structure back toward higher range resistance.
Don't short into local support floors blindly—wait for confirmed rejections at key supply blocks and fair value gaps before positioning for the downside continuation leg.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
While momentum chasers buy into local relief bounces, this 30-minute chart on $BTC is rejecting overhead supply and high timeframe fair value gaps following a sweep of range lows to set up a short position.
After failing to sustain upside momentum and rallying into resistance, price is currently trading around $81,443.2. The projected path outlines a continuation downward from the current rejection zone through intermediate support toward the lower take-profit target near $79,061.4, with an interim stop at $80,085.5.
Holding below the invalidation level near $84,708.8 keeps the bearish continuation setup active, targeting $79,061.4. A strong push and close above $84,708.8 invalidates the short bias and shifts market structure back toward higher range resistance.
Don't short into local support floors blindly—wait for confirmed rejections at key supply blocks and fair value gaps before positioning for the downside continuation leg.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
