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$BTC | SHORT THESIS
The latest push into resistance lacked follow-through. Buyers tested the zone, but the response from sellers was immediate, making this a level worth fading until proven otherwise.
Position: SHORT 150x Isolated
Entry: 63053.82583 – 63139.03379
TP1: 62789.68115
TP2: 62585.18204
TP3: 62278.43337
Stop Loss: 63505.42803
Trade reasoning:
Resistance continues to cap price instead of turning into support.
Market structure still favors lower highs and controlled selling pressure.
Order flow suggests supply is absorbing buying attempts in this region.
A clean break above the stop would invalidate the bearish thesis.
I'm staying with the short while this resistance holds. The market decides the outcome—risk management decides whether you're still in the game.
Trade here and tell me: are you positioning for another leg down or expecting BTC to reclaim this level?
#GUSDYieldRisesto3.8%