$BTC Rejected at Resistance Zone – Selling Pressure Increasing

Bitcoin ($BTC) is showing strong rejection signals at a key resistance level around $70k. After multiple attempts to break new highs without success, the sellers are gradually gaining the upper hand, creating clear downward pressure on the 4H timeframe.
🔎 Why Prioritize the Short Scenario?
• Strong rejection at the 70K zone: Price continuously pushes down as it approaches this area, indicating significant supply waiting.
• Lower High structure on the 4H chart: The peaks are lower than the previous ones, showing a short-term weakening trend.
• Increasing selling volume: Selling volume rises during declines, confirming distribution pressure.
Combining these factors suggests a high likelihood that $BTC will continue to correct toward lower support levels.
📉 Trading Plan
Entry zone (: $68,200 – $68,500
Stop Loss: $69,200
Take Profit:
• TP1: $67,500
• TP2: $67,000
• TP3: $66,800
🎯 First notable support zone: $66,800
This strategy aims to trade in the short-term trend as the market clearly shows weakening signals.