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Crypto_First21

$BTC Relief Bounce Fails To Change Dominant Downtrend

Trade Setup: Short

Entry Zone: 61,700 – 62,300

TP1: 60,000

TP2: 58,000

TP3: 55,500

SL: 63,800

Price remains significantly below the 200 EMA (68,368) and continues to respect a strong bearish market structure. The recent bounce from 59,130 appears to be a relief rally after an extended selloff, while lower highs and persistent selling pressure keep the trend firmly in favor of bears. Unless BTC reclaims major resistance levels, momentum favors another leg lower

#SpaceX lowers IPO valuation #Fed delays 2% inflation target #Zcash Orchard Pool vulnerability

coin
BTC/USDT
80,615.7
+3.83%

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