BTCUSD Short Setup –Range Rejection with Downside PotentialBitcoin / U.S. dollarBITSTAMP:BTCUSDGems-TradesBitcoin is currently trading within a tight consolidation range, showing signs of exhaustion after multiple failed attempts to break higher. Price has recently tapped into a local resistance zone near 78,500, where sellers stepped in aggressively, forming a rejection. The setup highlights a short opportunity from the marked entry around 78,000, with a clearly defined stop loss above resistance to manage risk. The structure suggests a potential move back toward the lower range support, targeting the 75,100 area. This trade idea is based on: Range-bound market structure Repeated rejection from resistance Lack of bullish momentum continuation If price maintains below the resistance zone, the probability favors a bearish move toward the target zone. However, a strong breakout above resistance would invalidate this setup. Key Levels: Entry: ~78,000 Stop Loss: ~78,500 Target: ~75,100 Patience is key—wait for confirmation before entry and manage risk accordingly.