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This wave of BTC's fake breakout at 81,700 was too classic. Once liquidity was pulled, it dumped immediately. Now look for shorting opportunities in the 80,250-80,450 range, with a stop loss at 81,050, and initially target 78,800.
Sellers currently control momentum while price trades below intraday structure support.
EP
80,250 - 80,450
TP
TP1 79,900
TP2 79,400
TP3 78,800
SL
81,050
Liquidity was swept above 81,700 before aggressive downside expansion toward 80,266 support.
Current bounce looks weak with lower highs forming and volatility favoring continuation to the downside unless bulls reclaim 81K quickly.
Stay sharp on $BTC #GateSquareMayTradingShare