đ„ $BTC â Rejection at $70.7K With Bearish Short-Term Pressure
$BTC bounced strongly from $68,308, but the rally stalled at $70,725, where sellers stepped in again.
Price is now forming lower highs on the 1H timeframe, showing clear short-term weakening after failing to reclaim the $71K zone.
đ Trade Setup â Short
âą Entry: $70,400 â $70,700
âą SL: $71,150
âą TP1: $69,650
âą TP2: $68,950
âą TP3: $68,300
â ïž Note:
As long as $BTC trades below $70,700, bearish pressure remains active and another test of lower liquidity zones is likely.
A breakout above $71,150 invalidates this setup and shifts momentum back to the bulls.
#BTC #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund #BTCMiningDifficultyDrop
BTCUSDT
Perp
68,854.9
+1.35%