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$BTC /USDT BEARISH PRESSURE TAKING OVER, SHORT TERM OPPORTUNITY
Position: SHORT
Entry Range: $75,716.6 – $75,700.1
Stop Loss: $77,900.0
TP1: $75,544.5
TP2: $75,300.0
TP3: $75,000.0
The recent market structure shows a strong pullback from the $77,900.0 resistance level, with BTC/USDT encountering selling pressure around this region. The current support at $75,700.1 is showing signs of weakness, and we are likely to see further downward movement towards $75,544.5, then $75,300. The next key target is $75,000.
Key support has been identified at $75,700.1, with a stop loss set just above the resistance level at $77,900.0 to protect against a potential reversal. The overall sentiment is leaning towards a short opportunity due to the fading momentum.
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