Post
Bearish

I’m watching $BTC for a selling setup here.



BTC bounced hard from the $77.7K area, but now price is running back into the $78.6K–$78.8K resistance zone where sellers showed up earlier.

The bounce is strong, so I wouldn’t short blindly. I’d rather see BTC struggle here and give a clear rejection first.

Entry: $78,600–$78,800

Targets:
TP1: $78,300
TP2: $78,100
TP3: $77,700

SL: Above $78,950

For me, $78.8K is the key level. As long as BTC stays below that area, a pullback still makes sense. If buyers reclaim $78.8K–$79K cleanly, I’d drop the short idea and reassess.

#GateLaunchesJapaneseStockTrading
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BTCBTC-0.67%

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LiquidityGhost
2026-09-01
78.8K is indeed critical; wait for a clear rejection signal before taking action—don’t blindly short.
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DeFiPatrol
2026-08-31
TP3 is eyeing 77700 directly, which would fully erase this rebound—quite an appetite.
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StakingLibrarian
2026-08-31
This stop-loss is set pretty tight, leaving longs little room above 78950.
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ChannelWalker
2026-08-31
Can you trade Japanese stocks on Gate now? The style of this label and the body text is quite different.
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VegasLines
2026-08-31
That 77,700 low has been tested twice; it’s hard to say whether it can hold a third time.
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RateDetective
2026-08-31
The short-term short thesis is fine, but the risk of chasing shorts after a strong rebound is always there.
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SnailSaver
2026-08-31
Wait for the price to consolidate in this range for a while; entering after volume dries up will be more stable.
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L2Snail
2026-08-31
Placing the SL at 78950 is a bit aggressive; personally, I would place it slightly above 79K.
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LastListed
2026-08-31
First Review
If the bulls take out 79K directly, the bearish narrative will be temporarily dead.
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