$BTC /USDT SHORT TRADE SIGNAL

Based on the current technical setup and the 1-hour chart, the market is exhibiting a bearish trend following a significant rejection from the $78,560 level.

Trade Setup

Entry: $76,130 – $76,500 (Current market price or on a slight relief bounce)

Take Profit (Targets):

TP1: $74,500 (Recent local support)

TP2: $73,000 (Major psychological floor)

TP3: $71,500 (Extended downside target)

Stop Loss (SL): $78,000 (Above the recent minor consolidation and resistance zone)

Market Outlook

The market sentiment is currently bearish. Bitcoin has faced persistent selling pressure after failing to reclaim the $80,000 mark, leading to a "sell the bounce" rhythm among traders.

Technically, the price is trading below the MA60 (Moving Average), and the MACD is showing negative momentum, suggesting that the path of least resistance remains downward. While institutional inflows into ETFs provide some long-term support, the immediate risk is a retest of the $74,500 "line in the sand." If this level fails to hold, we may see a swift move toward the $72,000 range.

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