#CryptoMarketPullback

Bitcoin has recently experienced a sharp decline from the $84,700 area down to a local bottom of $75,678. Currently, the price is in a "dead cat bounce" or consolidation phase, struggling to break above the immediate EMA resistances.

Trend: Short-term Bearish. The price is trading below the long-term moving average (orange line).

MACD: Showing a slight bullish crossover in the oversold territory, suggesting a minor relief rally is possible before further downside.

Order Book: There is significant selling pressure (59.24% S) compared to buying interest (40.76% B), indicating the path of least resistance remains down for now.

Trade Setup: Short-Term Scalp (Long)This setup anticipates a brief recovery to test previous support-turned-resistance levels.

Action,Level,Note
-Entry Range,"$78,400 – $78,700",Current consolidation zone.
-Take Profit 1,"$79,830",Near the 30-period MA (orange line).
-Take Profit 2,"$81,200",Gap fill from the previous drop.
-Stop Loss,"$77,400",Below the recent minor support wick.

Alternative Setup: Trend Follow (Short)
If the price fails to break and hold above $79,250, the bearish trend is likely to continue.

Entry: $79,200 (on a failed breakout/rejection).

Target: $75,700 (retest of recent lows).

Stop Loss: $80,100.

⚠️ Disclaimer: Trading involves significant risk. This analysis should be not considered financial advice. Always use proper risk management.

Good luck 💙