$BTC intense downward rejection extends further, optimal opportunity to open a short position now.
Entry: 76,500 - 76,700
TPs: 74,800 | 73,500 | 72,100
SL: Above 78,100
Why Short?
BTC is pressing lower following an aggressive rejection from the 79,570.9 peak, currently trading around 76,457.7. The MACD lines remain deeply embedded in negative territory with heavy red momentum bars, while the hourly RSI rests at an oversold 36.8, highlighting dominant selling pressure and pointing toward a test of the 75,560.0 local support floor.
Entry: 76,500 - 76,700
TPs: 74,800 | 73,500 | 72,100
SL: Above 78,100
Why Short?
BTC is pressing lower following an aggressive rejection from the 79,570.9 peak, currently trading around 76,457.7. The MACD lines remain deeply embedded in negative territory with heavy red momentum bars, while the hourly RSI rests at an oversold 36.8, highlighting dominant selling pressure and pointing toward a test of the 75,560.0 local support floor.
