BTCUSD — 15M BEARISH SETUPBitcoin / US DollarCOINBASE:BTCUSDFrankAgboBitcoin is showing a potential short-term bearish reversal on the 15-minute chart after repeatedly failing to break the $79,338 resistance. Price is currently around $77,538, sitting below the broken short-term ascending trendline. 📊 SETUP The structure is showing: • Strong previous bullish run • Repeated tests of the $79.3K resistance • Failure to make a clean breakout • Break below the rising intraday trendline • Current price holding below the resistance area This creates a potential downside setup if sellers maintain control. 🔴 SHORT IDEA Entry: ~ $77,459 SL: $80,536 TP: $71,184 📉 Risk: ~3,077 points 🎯 Potential reward: ~6,275 points ⚖️ Approx. 1:2 R:R 🎯 TARGET The main downside objective is around $71,184, which aligns with the major horizontal support visible on the chart. However, price may encounter temporary support around: $75K → $74K → $72K A break below these areas would strengthen the bearish continuation scenario. 🚨 INVALIDATION The bearish setup is invalidated if BTC breaks strongly above $79,338 and especially if price holds above the $80,536 stop/invalidation zone. If that happens, don't force the short — the market may be transitioning back into bullish continuation. 📌 MARKET BIAS 🔴 Bearish below $79,338 The key is confirmation. I would rather see BTC remain below resistance and continue making lower highs than chase a move after a large candle. Resistance rejection → lower high → continuation lower = bearish confirmation. BTC is currently at a major decision point. Watch the $79.3K level closely. #BTCUSD #BTC #Bitcoin #BitcoinTrading #CryptoTrading #TradingView #TechnicalAnalysis #PriceAction #MarketStructure #DayTrading #Scalping #ShortSetup #CryptoAnalysis