$BTC Showing short-term weakness with lower highs forming after rejection from highs.


Sellers gaining control as price breaks below intraday structure.

EP
78000 - 78200

TP
TP1 77600
TP2 77200
TP3 76800

SL
78500

Liquidity taken from the highs followed by rejection and downside continuation. Price losing structure with increasing sell pressure, indicating potential further downside.

Let’s go $BTC ‌
BTC1.45%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • 5
  • Share
Comment
Add a comment
Add a comment
AirdropSideQuest
· 6h ago
High points of liquidity are swept and then dumped, a classic script.
View OriginalReply0
MoonlightShellPool
· 18h ago
Set a tight stop-loss at 78,500; the risk-reward ratio is still acceptable.
View OriginalReply0
GateUser-9a7ea5b8
· 05-02 05:45
The short position structure has appeared; try placing an order at 78,200.
Reply0
Yajing
· 05-02 05:40
To The Moon 🌕
Reply0
Yajing
· 05-02 05:40
To The Moon 🌕
Reply0
GateUser-953e1a14
· 05-02 05:29
TP3 is a bit far, let's first look at 77,600.
View OriginalReply0
AirdropNightwatch
· 05-02 05:25
The short position structure has appeared; try placing an order at 78,200.
View OriginalReply0
LeverageWithdrawalInProgress
· 05-02 05:20
The EP interval is accurate, and execution is at full throttle.
View OriginalReply0
MempoolNomad
· 05-02 05:19
The short-term trend is somewhat weak, but the macroeconomic positives are still present; trade lightly.
View OriginalReply0
GateUser-f4b3df7a
· 05-02 05:19
I'm observing this one; I'll buy again if it drops below 77,000.
View OriginalReply0
View More
  • Pin