BTC/USD: Why I’m eyeing a short fade as momentum wanes around key resistance

Technical Setup: Fading the Failed Rally

Alright team, let’s talk Bitcoin. Looking at BTC/USD today, we're currently trading around 75794, down a solid -1.61% or -1223.95 in the last 24 hours. The trend is clearly bearish, which aligns well with what I'm seeing. We've had a decent run, but it feels like we're approaching an exhaustion point. I'm seeing a potential for a short entry around 76279. This level is just above the immediate resistance at 75850 and 75900, which tells me there might be a liquidity grab or a final push from late buyers before a more significant move down.
The day range has been between 74278.12 and 77309.88, and we're hovering right in the middle, but with a clear downside bias. My stop loss is set at 78704, placing it comfortably above the higher resistance at 77309.88. This gives us enough room for volatility without getting stopped out prematurely by noise, but also keeps the risk manageable. I’m targeting a take profit at 71428, which is well below the daily support at 74278.12 and 75700, looking for a retest of lower demand zones.

Market Sentiment & Institutional Order Flow

While much of the retail crowd might still be looking for the next leg up, I'