I’m watching $BTC here.



Price bounced from the $77.3K support, but it’s now running straight into that descending trendline around $78.4K–$78.5K. This is the area where I want to see whether sellers step back in.

Selling setup:

Entry: $78,300–$78,500

Targets:
TP1: $78,000
TP2: $77,600
TP3: $77,340

SL: Above $78,800

For me, the trendline is the key. As long as BTC keeps getting rejected below it, another move toward $77.3K stays on the table. A clean breakout above the trendline would make me drop the short idea.

#GateLaunchesJapaneseStockTrading #btc
BTC0.49%
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RedGreenFerry
· 5 minutes ago
TP3 directly targets the previous low, which is quite aggressive.
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SmartMoneyTrace
· 38 minutes ago
Shorting at the lower edge of the trendline is a classic play, but don’t get greedy.
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GlueBoy
· 39 minutes ago
A lot of people have already been trapped around 78.4K—be careful.
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ColdWalletSquirrel
· 41 minutes ago
If it breaks upward, where is the point to chase a long position?
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NftNightOwl
· an hour ago
The SL at 78,800 was a bit tight; a little choppy movement and it got stopped out.
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L2Wanderer
· an hour ago
If the 77.3K support breaks, further downside will open up.
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BitcoinOldMan
· an hour ago
Waiting for a high-volume break below the trendline for confirmation; for now, stay on the sidelines.
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