$BTC is showing a bearish retest rejection after sweeping local range highs. Buyers attempted an extension toward the $78,000 resistance level but met aggressive supply from trapped breakout traders.
EP: $76,800–$77,200
TP1: $75,400
TP2: $73,800
TP3: $71,500
SL: $78,350
This rejection highlights persistent liquidity clustering below the $76,000 threshold, where leveraged longs are vulnerable to cascading stops. Market structure remains range-bound following the failed push higher, making a deeper sweep toward institutional demand more probable. The setup is invalidated if price achieves a sustained 4-hour candle close above $78,350.
