BTCUSD Setup: Selling Area Rejection & Multi-Target Short Struct
Overview:
Bitcoin (BTCUSD, 2-hour timeframe) is testing a major structural Selling area resistance block around 65,037 - 65,250. Price action indicates a potential bearish reversal setup targeting lower support and liquidity zones.
Key Technical Highlights:
Resistance Interaction: Price has pushed into the upper supply/selling zone near 64,920 - 65,037, where sellers are showing signs of stepping in to defend the range.
Multi-Target Objectives:
Target 1: Lower range expansion levels toward 64,000 - 64,250
Target 2 (Extended): Major structural support / Buying area near 62,224
Trading Plan / Setup:
Bias: Bearish (Sell / Short)
Entry Zone: Around current levels / retest of the selling zone (~64,920 - 65,037)
Stop Loss (SL / Invalidation): Placed strictly above structural invalidation resistance (~65,978)
Take Profit (TP): Scaled downward toward support targets extending to 62,224
Educational Disclaimer: This analysis is published for educational and informational purposes only and should not be construed as professional financial or investment advice. Trading cryptocurrencies involves substantial risk of loss and is not suitable for every investor. Always perform your own due diligence and manage your risk accordingly before executing any trades.