Bitcoin Rejection from Resistance – Short Setup with Bullish PotBitcoin is currently testing a key resistance zone around $85,500, where previous price action showed strong selling pressure. A rejection from this level could lead to a short-term pullback towards $83,750 - $83,250 , aligning with a retest of the broken trendline before a potential bullish continuation.
🔹 Entry: $85,200 - $85,500
🔹 Stop-Loss (SL): $86,000
🔹 Take-Profit (TP): $83,750, with potential long re-entry from this zone targeting $86,000+
📊 Watch for price action confirmation within the resistance zone before entering. If BTC holds above $85,500, the bullish breakout could accelerate. 🚀