$BTC / Bitcoin
Sell-the-rally bias remains in play as price continues to trade below a declining EMA cluster. The recent bounce lacked follow-through, suggesting distribution rather than genuine demand. As long as BTC stays capped below key resistance, rebounds are viewed as corrective.
Bias: Short
Entry Zone: 90,800 – 91,300
Stop-Loss: 92,100 (above EMA25 / EMA99 and failed lower high)
Targets:
TP1: 89,300
TP2: 88,200
TP3: 86,800
As long as price remains below 92,100, downside continuation is favored. A clean acceptance above this level would invalidate the short thesis and shift the bias to neutral.
#BTC #Bitcoin #CryptoTrading #ShortBias #PriceAction
BTCUSDT
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