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$BTC _ SHORT
Entry: 76,600 - 77,000
TP: 75,500
SL: 78,000
Reason:
Bitcoin is currently exhibiting a bearish structure on the 4H chart, failing to reclaim the 77,000 level. The price is trading below the EMA5, EMA10, and EMA20, which are now acting as dynamic resistance. We see a clear rejection from the recent local high at 77,882, and the MACD remains in the negative zone with downward-sloping histograms. As long as the price stays below the 77,500 resistance zone, we expect a retest of the previous support at 75,624 and potentially reaching our target at 75,500.
#LayerZero10KEthForAave @OKX Orbit

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