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Everyone is turning bullish while under a key resistance level. 👀
BTC is nearing 66.7K–68K, where multiple technical signals are converging:
• 4H MACD is approaching a bearish cross
• RSI is approaching overbought
• Fibonacci 0.618 + the prior pullback high = strong resistance
The risk/reward for new long positions is becoming unfavorable.
I won’t blindly short. I’ll wait to see how price reacts at the resistance level.
📉 Rebound rejected + weak momentum = a potential short entry setup.
📈 If it breaks 68K with strong volume = no trade. The buyers win, and I’ll wait for the next opportunity.
React based on price. Don’t predict it.
Do you think BTC will be rejected here, or will it break above 68K? 👇
#Bitcoin #BTC $