BTC / USD : Trading Guides

Bias: Bearish

Direction: Short

Entry Price: 69,750 – 69,900 (pullback zone)

Stoploss: 70,150

Target(s):

T1: 69,400

T2: 69,100

Reason for the Trade:

Clear lower highs and lower lows structure → short-term downtrend intact

Recent strong bearish rejection near 70,100–70,200 (supply zone visible)

Price currently sitting near minor support (~69,700) but showing weak bounce and strong bearish candles, indicating likely breakdown

Multiple rejections in the 69,900–70,000 zone → acting as intraday supply

Momentum favors sellers after last impulsive red candle

👉 Best play: wait for a small pullback into 69,800–69,900 and short with confirmation (weak candles / rejection).