$VVV is showing strong bearish momentum with clear seller dominance. Price continues to trade below key levels, and any pullback is likely to be sold into, favoring further downside continuation.
Entry Zone: 2.45 – 2.40 Stop Loss: 2.50
🎯 Targets:
TP1: 2.10
TP2: 2.00
Analysis: Momentum remains firmly bearish, structure favors sellers, and no reversal signs yet. As long as price stays below the stop, downside continuation is the higher-probability move.
👉 Trade with discipline, respect risk, and let the trend do the work.
Price is trading in a clear rejection zone near 69.6–70.1, where sellers are stepping in after a weak bounce. Market structure remains bearish with lower highs, suggesting the move up is corrective rather than a reversal. As long as price stays below 70.6, downside continuation is favored.
Trade Plan
Bias: SHORT
Entry: 69.6 – 70.1
Stop-Loss: 70.6
TP1: 68.4
TP2: 67.2
TP3: 65.8
Momentum favors sellers — expect continuation toward lower support levels if resistance holds.
2 things are certain right now: -Bitcoin is in an ascending channel -Bitcoin is in an uptrend on the daily chart, making slightly higher highs and higher lows.
The trendlines don't really matter that much here. What matters is that we're making higher lows on the daily chart.
As such, there is NO REASON to assume we won't make another higher low, except a 2022 fractal. The highest-probability outcome is a continuation within the ascending channel.
I'll remain bullish on Bitcoin until proven wrong. So far, the last two daily candles are indecision candles, letting bulls breathe a little.