BTCUSD Short Setup – Lower High Resistance Rejection

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BTCUSD Short Setup – Lower High Resistance RejectionBitcoin / U.S. dollarBITSTAMP:BTCUSDProfittPilotFXMarket Analysis – BTCUSD Price is currently trading inside a bearish structure after forming a lower high near the resistance zone. The market rejected the supply area and failed to break above structure, indicating sellers are still in control. We are expecting a continuation to the downside towards the support zone below. As long as price remains below the resistance area, bearish momentum is likely to continue. Plan: Bias: Bearish Resistance: Lower high / supply zone Target: Support zone below Confirmation: Rejection or break of minor support This setup is based on market structure, supply & demand zones, and trend continuation.