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BTC is currently trading around 76,700, and the chart shows a potential rejection zone near the current price. If sellers continue to control this level, we could see a deeper move toward the major support below.
Trade Setup: SHORT
Entry Zone: 76,700 – 77,000
Stop Loss: 82,456
Take Profit: 55,104
The idea is simple: as long as BTC fails to reclaim the higher resistance area, the downside structure remains worth watching.
I’ll be looking for confirmation before entering rather than blindly chasing the move. Proper risk management is key.
$BTC
Bitcoin is holding near the $77K–$78K zone as traders await fresh U.S. inflation data. Rising oil prices and expectations of higher interest rates are keeping pressure on risk assets. BTC needs to reclaim $80K for stronger bullish momentum. Volatility remains high, so stay alert, manage risk, and trade responsibly. ₿📈