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$BTC — Sellers still in control, bounce looks corrective. Short BTC Entry: 77,400 – 78,000 SL: 79,200 TP: 75,500 – 74,600 – 72,800 Range support failed and liquidity was flushed below previous lows. The move off 74.5k lacked strength and stalled quickly, confirming weak buyer interest. As long as price stays below resistance, downside continuation remains the high-probability path.
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$BTC experienced a sharp downside expansion, breaking below all short-term moving averages in a single impulsive move. This type of price action typically reflects liquidation-driven selling rather than organic distribution.
Following the sell-off, price printed a pronounced lower wick near the 91.8k region, indicating aggressive absorption by buyers. However, the subsequent price action has shifted into tight consolidation, suggesting the market is transitioning from impulse to evaluation.