SELL 70,200 – TP 67,000 – SL 71,800 (Primary Bias)
BTC on H1 is showing a clear loss of momentum after failing to hold above the 71,999 resistance. Price is now trading below EMA50, confirming short-term bearish control. The structure suggests a potential lower high forming, while MACD remains in negative territory with increasing bearish histogram — signaling continuation downside.
Volume is weak on rebounds, indicating lack of strong buyers. The zone 70,000–70,300 now acts as key resistance. If BTC fails to reclaim this level, a breakdown toward 68,000 and even 67,000 becomes highly probable.
However, bulls may argue this is just a liquidity grab before expansion. A strong reclaim above 71,800 would invalidate the bearish setup and trigger a squeeze toward 72,200+.
So the real question: Is this distribution… or a setup for the next pump?
Follow for more high-probability setups and real-time signals.
