🧠 Market Bias:
Short-Term Bearish – After a strong pump, price is losing momentum and showing early rejection signs below resistance.
📊 Technical Breakdown:
🔺 Strong bullish rally earlier pushed price above $110K.
🔴 Major resistance at $110,836 (clearly respected with a long upper wick).
📉 Price is now trading below the 9 EMA (109,720), suggesting sellers are stepping in.
📕 Red-to-green trade box indicates active short position:
Stop Loss: ~$110,836 (above local high)
Entry: ~$109,676
Targets:
TP1: $106,932
TP2 & TP3: Lower green zones around $106,400, $105,600, and $105,200
🧠 Mindset Insight:
“After euphoria comes the trap.”
This looks like a classic post-pump lower high forming — ideal for contrarian short traders with tight control over risk.
⚙️ Setup Details:
✅ Confluence:
Resistance rejection at $110.8K
EMA breakdown
Failed continuation after strong impulse
🟠 Risk-Reward: Favorable (more than 1:3 RR depending on TP levels)
🚩 Invalidation Zone:
If BTC reclaims and closes above $110,836, this setup is invalid. Look for bullish continuation from that point.