$BTC trading below key structure — regime still downside-favored.
Trading Plan — Defensive / No Position
Entry: Wait for reclaim or failed bounce into 70k–71k to Short
SL: Defined on confirmation setup
TP1: 60,000
TP2: 52,000
TP3: 44,000 region
Recent attempts to reclaim the 70–71k zone have failed. That area now acts as a rejection cluster, forming lower highs beneath dynamic resistance. Order flow suggests distribution rather than absorption. Until price shows clear strength reclaiming that zone, the path of least resistance remains lower.
As long as BTC stays capped below 71k, continuation toward the 60k horizontal support remains technically consistent. A breakdown below 60k opens risk toward accelerated downside expansion, with stressed liquidity potentially extending into the low-40k region.
BTC remains in a high-trend bearish environment. Price is trading below all major dynamic resistance levels — SMA200 (~99.6k), SMA50 (~82.6k), and EMA20 (~71.5k). This is not short-term volatility; this reflects structural damage across timeframes.
Trade $BTC with good profit here 👇
