Elise | BTCUSD – 30M – Bearish Continuation

Feb 1

BTCUSD
After the sharp sell-off, BTC attempted a corrective consolidation but failed to regain bullish momentum. The price respected the supply zone and showed rejection, indicating this move is a distribution phase rather than a reversal. As long as price remains capped below supply, downside continuation toward liquidity lows is expected.
Key Scenarios
❌ Bearish Case 📉 →
Rejection below the 78,600 – 79,000 supply zone opens further downside.
🎯 Target 1: 75,500 – 75,300
🎯 Target 2: 73,500 – 73,000
✅ Bullish Case 🚀 →
A strong breakout and acceptance above 79,000 would invalidate the bearish continuation and shift the market into deeper correction.
Current Levels to Watch
Resistance 🔴: 78,600 – 79,000
Support 🟢: 75,500 → 73,000

⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.

Feb 2

Trade active

7 days ago

Trade closed: target reached