$BTC | Sharp downward trend and strong selling momentum

Record $BTC a sharp downward break below support levels, accompanied by strong selling pressure and a clear collapse in the price structure, reflecting a clear dominance of sellers in the market.

Sell trade (SHORT) – $BTC

Trading plan:

Entry area: 65,000 – 65,500

Stop loss: 66,800

Downward targets:

TP1: 64,500

TP2: 63,500

TP3: 62,000

Justifications for the trade:

Strong break of a major support level with acceleration in downward momentum.

Absence of immediate reaction from buyers at support areas.

Continued trading below the broken level reinforces the likelihood of extending the downward trend.

Recommendation:

Focus on selling opportunities at $BTC with strict adherence to risk management and monitoring price action.

BTCUSDT

Perp

68,100

+0.57%