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BTC/USD Rejected at Key Resistance — Short-Term Bearish Setup 📉
Bitcoin showed a strong bullish push from the 74,000 region but faced a clear rejection at the 77,100–77,600 resistance zone. This area has acted as a strong supply zone, with sellers stepping in aggressively to cap further upside.
Since the rejection, price action is weakening—printing lower highs and losing bullish momentum. This suggests a potential short-term pullback is underway.
As long as BTC remains below 77,600, bearish pressure is likely to persist, with 74,000 as the next key liquidity target.
Key Levels: • Resistance: 77,100–77,600
• Target: 74,000
• Bias: Bearish below resistance
A clean break above resistance would invalidate this setup.