Bitcoin Shorting Strategy After Structural Breakdown

The analysis indicates that Bitcoin has experienced a clear structural breakdown after exiting an upward channel. This breakdown was accompanied by high trading volume, highlighting aggressive selling activity and confirming the strength of the downward momentum. Following the breakdown, the price is heading back to retest the imbalance zone that was formed, which presents a potential entry point for short positions. The recommended entry point is on the retest of the zone between 103,500 and 104,000, corresponding to the breakout area and the local imbalance. The initial target is set at 99,000, an area associated with buyer interest and liquidity, with a secondary target at 97,000. The stop loss is advised above the imbalance zone at 105,000. This strategy emphasizes a short position based on technical breakdowns and volume confirmation, with defined targets and risk management levels.