Bitcoin Just Got Rejected! | Is a Bigger Dip Coming?
$BTC - Short Setup
Trade Bias: Short (Bearish)
Entry Range:
Entry 1: $94,500
Entry 2: $94,900
Take Profit Targets:
Take Profit 1: $94,000
Take Profit 2: $93,500
Take Profit 3: $93,100
Take Profit 4: $92,600
Stop Loss: $96,200
Why This Trade?
Strong rejection from the upper Bollinger Band near $95,600.
Big bearish candle following a liquidity grab at the top indicates a potential downside move.
Middle Bollinger Band ($94,363) is being tested — break below it can accelerate the drop.
Key Levels to Watch:
Support: $93,165 (Lower Bollinger Band)
Resistance: $95,560 (Upper Bollinger Band, recent rejection point)