BTC is approaching a major supply zone after a strong expansion move, creating an attractive area to look for a bearish reaction.
Trading plan: short $BTC
Entry: 63000 – 64500
Stop loss: 66500
Take profit targets: 61000
Take profit targets: 58000
Take profit targets: 55000
The increase has become increasingly extended as the price nears an area where sellers have historically regained control. If momentum starts to cool off and buyers struggle to hold higher levels, a deeper retracement towards key support zones may occur.
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