$BTC Showing bearish pressure after rejection from recent highs.


Sellers maintaining control as price continues below short-term structure.

EP
78300 - 78600

TP
TP1 78000
TP2 77600
TP3 77000

SL
79000

Liquidity taken from the highs followed by a sharp rejection and downside move. Price failing to reclaim structure with weak buying pressure, indicating potential continuation lower.

Let’s go $BTC ‌
BTC-2.22%
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ReflectionsOnTheStreetAfterThe
· 05-04 21:20
The 78,300-78,600 range is a bit conservative, but setting SL at 79,000 definitely provides enough margin of error. I'll keep an eye on the TP2 level.
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MrFlower_XingChen
· 05-04 16:14
To The Moon 🌕
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GateUser-7e77b8d8
· 05-03 05:42
This logic is quite clear: after the high-level liquidity is absorbed, it drops straight down, the structure didn't hold, and the bears took control.
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SlippageSigh
· 05-03 05:31
Recently, every fake breakout of BTC has trapped a bunch of people. This time, let's see if it can really go down to 77,000. I'll start with a small position to test.
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