BTC/USD: Riding the Bear Wave? My Swing Short Idea

Market Vibes & Current Action

Günaydın from Antalya, everyone! Hope you're all having a profitable week. Looking at BTC/USD, it's been a bit of a rough ride lately. We're sitting around 67195 right now, after a pretty significant drop of over 4% in the last 24 hours. That's a chunky -2715 points, not exactly pocket change! The overall trend is clearly bearish, and that kind of momentum usually tells you something. Fundamentally, with the broader market getting a bit shaky, it's not surprising to see risk assets like Bitcoin taking a hit. The daily range from 65851.1 to 68538.9 shows we're still chopping around, but the lower end is definitely being tested.

My Swing Short Setup

Given the current bearish sentiment, I'm looking at a swing short setup for BTC/USD. I'm eyeing an entry around 67625. Why there? Well, after such a sharp move down, we often see a slight bounce or retest of previous support levels turned resistance. If we get a retest and rejection around the 67250-6730