$BTC /USDT – Bearish Rejection From Resistance

$BTC /USDT is currently trading near 68,183, facing rejection below the 68,700–69,000 resistance zone. Price failed to sustain higher levels after tapping the 24H high (68,698), suggesting weakening bullish momentum on lower timeframes. A breakdown below intraday support could trigger a corrective move toward lower liquidity zon

📉 Trade Setup – Short PositiEntry Range:68,000 – 68,400

Target 1: 67,400

Target 2: 66,900

Target 3: 66,300

Stop Loss (SL): 69,050

🔑 Key Levels:

Major Resistance: 68,700 – 69,000

Intraday Resistance: 68,400

Immediate Support: 67,400

Major Support Zone: 66,300 – 65,70

📊 Technical Analysis:

Price is showing lower timeframe rejection near resistance.

Failure to break above 69K indicates potential liquidity grab.

Breakdown below 67,400 confirms short continuation.

Momentum shifting neutral-to-bearish on short-term structure.

🔎 Short Outlook of Market:

If $BTC /USDT remains below 69,000, downside pressure may continue toward 66,300 support. However, a strong breakout and close above 69,000 would invalidate the bearish setup and shift momentum back to bullish continuation.

⚠️ Wait for confirmation (strong bearish candle or volume spike) before entry. Proper risk management is advised.

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