$BTC Quick trade setup.
Bitcoin (BTC) is in a sharp pullback phase today, trading around $65,300–$65,500 USD (down ~3–3.5% in the last 24h, with massive volume exceeding $40B). It rejected from highs near $68,200 amid macro risk-off sentiment, broader market weakness, and outflows.
Quick trade setup (short-term bearish continuation play, high volatility):
$BTC Entry: Short (sell) on rallies near $66,000–$66,800 resistance (recent rejection zone / minor Fib retracement / potential dead cat bounce area).
Target: $63,000–$62,000 (next major support / extension level, potential 5–8% downside if pressure sustains).
Stop-loss: Above $67,500–$68,000 to invalidate on strong reversal (protects against sudden macro relief or BTC ETF inflow surge).
Rationale: Heavy supply zones approaching on higher timeframes (e.g., 1D bearish OB/IFVG setups from community analysis), strong sell signals from indicators, falling dominance hinting at altcoin rotation but BTC still leading downside. High volume on drops + macro risks (Fed uncertainty, stocks/gold moves) favor continuation lower unless key support flips aggressively.
This is not financial advice—crypto is extremely volatile, manage risk tightly, and DYOR.
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