BTC Sell Setup Developing as Price Approaches Major Demand Zone

Wait 5 sec.

BTC Sell Setup Developing as Price Approaches Major Demand ZoneBitcoin / TetherUSBINANCE:BTCUSDTcoolbouyJoin Team Abby for detail analysis and premium signals on whatsapp: +44 7411 532606 Market Structure: BTC continues to break down from the series of lower highs and lower lows, confirming a sustained bearish structure on the daily timeframe. The recent sell-off accelerated after failing to reclaim the mid-range swing high, and the market is now approaching a historically significant demand zone between $76,000 – $82,000. Key Technical Points 1. Bearish Market Structure A clear sequence of lower highs is visible, showing strong control by sellers. Each attempt to push upward has been rejected at previous supply zones (highlighted in green). The current leg is a momentum-driven decline, suggesting continuation until buyers step in at deeper support. 2. Volume Expansion on Decline Recent down candles are accompanied by rising sell volume, indicating genuine distribution rather than a shallow pullback. No signs of stopping volume or absorption yet — sellers remain firmly in control. 3. RSI Momentum Breakdown RSI is holding below 30–35, confirming strong downside momentum. No bullish divergence has formed yet, meaning the move still has space to extend lower. 4. Major Demand Zone Below ($76K–$82K) This area represents the previous macro breakout region and served as a strong accumulation zone earlier this year. Price is likely to gravitate toward this zone unless it forms a strong base above current levels. Trade Idea: BTC Sell Setup Bias: Bearish until price taps the demand zone Entry: Short on breakdown continuation or any weak retest toward $95K–$97K Stop-Loss: Above the recent LH (lower high) zone around $103K to avoid whipsaws Targets: TP1: $88,000 TP2: $82,000 TP3 (Major Target): $76,000 demand zone Risk–Reward: Attractive R:R due to clean liquidity void between $95K and the demand zone.