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Bearish

I’m watching $BTC for a short here.



BTC has already slipped below the rising trendline, and the bounce around $77.3K still looks weak. If price pushes back toward the broken structure and gets rejected again, that’s the area I’d rather sell than chase it lower.

Entry: $77,500–$77,850

Targets:
TP1: $77,000
TP2: $76,600
TP3: $76,400

SL: Above $78,100

For me, the broken trendline is the main clue. As long as BTC stays below it, sellers still have the edge. A clean reclaim above $78.1K would make me drop the short idea.

#Gate60MillionUsers #AnthropicSigns35BCloudDeal
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This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC-0.67%
  • 2
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Add a comment
Comment 11
LongShortBar
Wait for a retest confirmation before shorting; chasing now is a bit of a gamble.
Contrarian
Already placed an order at 77.8, hoping for a chance.
OnChainMeteorologist
The trendline break is indeed bearish, but liquidity around 77.5K is too thick—beware of a false breakout.
HODL Horizon
If this pullback fails to reclaim $78K, downside space will open up.
MemeDriftBottle
The first target at 77k should be reachable; watch the volume.
PoolVeteran
Gate’s event feels a bit out of place alongside the analysis, haha.
MidnightArtDealer
Shorting the rebound after breaking below the ascending channel is a classic play.
MVRV_Watcher
Rallies below the trendline are all paper tigers. Agreed.
StopLossBear
BTC’s volatility has declined recently, making range trading much easier.
CycleBuffer
Placing the SL above 78.1K is relatively safer, allowing a buffer for a false breakout.
MA50Drifter
The short-term outlook is clear, but the macro picture is still bullish, so I don’t dare take a large short position.

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