BTCUSD 4H — Short Setup: Key Resistance Rejection Targeting 74K

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BTCUSD 4H — Short Setup: Key Resistance Rejection Targeting 74KBitcoin / U.S. dollarBITSTAMP:BTCUSDNTGOLD_KING_OF_FOREXBitcoin is currently trading on the 4-hour timeframe showing a clear bearish structure after being rejected from a Key Resistance Zone around the 77,400–78,200 area. Bias: Bearish / Short Price printed a strong impulse down after rejecting the resistance zone, breaking structure to the downside (BOS). The move confirmed a shift in market structure from bullish to bearish on this timeframe. Trade Setup: Entry Zone: 76,600–77,000 (current price area / retest of broken structure) Invalidation: Above 78,216 (key resistance high) Take Profit Levels: TP1 — 76,667 TP2 — 75,583 TP3 — 74,337 / 74,218 (Retracement Zone) Key Confluences: Rejection from HTF Key Resistance Zone (yellow box) Break of Structure (BOS) confirmed on 4H Fair Value Gap (FVG) identified below current price Supply Zone aligns with rejection area (~75,200) Retacement Zone sitting at 74,000–74,400 acting as final target Risk Management: Always use a proper stop loss above the Key Resistance / invalidation level. Never risk more than 1–2% of your account per trade. This is not financial advice. Do your own research before entering any trade.