$BTC is consolidating mid-range, encountering resistance at a capped ceiling. Upward bounces appear to be losing momentum. 📉

$BTC Trading Plan (Short)

Entry: $66,500 – $67,200
SL: $68,000
TP: $65,000, $64,500

Price has repeatedly tested the upper resistance band, with wicks indicating rejection and limited upward travel. Recent attempts to push higher appear weaker, quickly retracing gains without clean follow-through.

While the trading range holds, the upper boundary shows signs of exhaustion and churning, rather than expansion. I've initiated a modest short position, observing how price reacts to further tests.

If price slips back inside the range and fails to quickly reclaim the top, I will maintain the position. Conversely, a sustained hold above the cap without rejection would trigger an exit.

Short $BTC 👇