$BTC losing short term momentum after failing to hold the recent bounce
Short $BTC
Entry: 66,800 – 67,300 SL: 69,250
TP1: 66,000 TP2: 65,400 TP3: 64,700 TP4: 63,800
Why: Price rejected from the 68k area and is now slipping below MA7 and MA25 on the lower timeframe. The structure shows lower highs forming while sellers slowly push price down. MACD momentum is fading and RSI is already sitting in the weak zone, which often happens during continued downside pressure. If BTC fails to reclaim 67.5k quickly, the move can extend toward the 65k area where the next strong support sits.
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$BTC losing short term momentum after failing to hold the recent bounce
Short $BTC
Entry: 66,800 – 67,300
SL: 69,250
TP1: 66,000
TP2: 65,400
TP3: 64,700
TP4: 63,800
Why:
Price rejected from the 68k area and is now slipping below MA7 and MA25 on the lower timeframe. The structure shows lower highs forming while sellers slowly push price down. MACD momentum is fading and RSI is already sitting in the weak zone, which often happens during continued downside pressure. If BTC fails to reclaim 67.5k quickly, the move can extend toward the 65k area where the next strong support sits.
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{future}(BTCUSDT)