$BTC - SHORT Setup:
Entry: 67,250 – 68,500
Stop Loss: 72,500
Targets: 64,000 / 61,500 / 59,920
Why this trade?
The 4H timeframe shows Bitcoin struggling to break above the $72,319 resistance. We are currently seeing a series of lower highs, forming a bearish triangle that favors a breakdown. With the market sentiment in "Extreme Fear" (Index: 5) and institutional outflows rising, the path of least resistance points toward the major $60,000 psychological support.
Question to watch: Will the 200-week moving average near $60k hold the floor, or are we looking at a deeper correction toward $55k?
Trade smart, manage risk. 👇