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$BTC losing structure after the rejection from the 74K region. Momentum still favors the downside 📉
Short $BTC
Entry: 67,900 – 68,600
SL: 72,200
TP1: 67,000
TP2: 66,500
TP3: 66,000
TP4: 65,500
Why:
After the strong rejection at 74k, Bitcoin has been printing lower highs and lower lows on the 4H chart. Price is trading below the short-term moving averages while the 25 MA around 70k is acting as dynamic resistance. Momentum indicators also support the bearish bias. MACD remains negative and RSI is sitting near oversold but still trending down, showing sellers remain in control. If BTC loses the 67k support zone, the next liquidity pockets sit around the mid-64k and low-63k areas.
Trade $BTC here 👇
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