$BTC 1H Setup 📉
BTC is looking cautiously bearish on this chart. Price bounced from $76,264, but the 1H structure is still below the Supertrend at $77,894, so I’d rather wait for a rejection than chase the current bounce.
Preferred Setup: SHORT
Entry: $77,400–$77,800
SL: $78,150
TP1: $76,800
TP2: $76,264
TP3: $75,600
Why this setup makes sense
• $77.4K–$77.9K is the key resistance area
• Supertrend remains bearish at $77,894
• Price is making a recovery, but hasn't reclaimed the bearish trend yet
• $76,264 is the key support and recent swing low
• A rejection around $77.5K–$77.9K would gi