Technology
15h ago
BTCUSD | Bearish Continuation After Recovery Rejection
BTCUSD continues to show a bearish price structure on the 15-minute timeframe, with sellers maintaining control through a series of lower highs and lower lows. Following the recent decline, price attempted a strong recovery but faced rejection near the $77,600 region. The latest price action suggests that selling pressure may be returning. Trade Setup | 15-Minute Timeframe 🔻 Entry: $77,417.93 🔻 Stop Loss: $77,723.50 🔻 Target: $76,406.97 🔻 Risk-to-Reward: 1:3.31 The immediate support region around $77,200–$77,250 will be important to watch. A breakdown could open the possibility of further downside toward the previous swing low. Invalidation: The bearish setup will be invalidated on a 15-minute candle closing above the red stop line. ⚠️ Risk Consideration Although the setup offers a favourable risk-to-reward ratio, the recent bullish recovery suggests that buyers have not completely disappeared. The objective is to identify opportunities with favourable risk-to-reward ratios while maintaining technically justified stop-losses. All trades must be taken with proper risk and money management. Capital protection remains the priority. This is a technical observation, not investment advice.
