BTC/USD Short Setup: Waiting for the Retest in a Bearish Market

Current Outlook: Bearish Momentum

BTC/USD is clearly in a bearish trend, currently trading around 77776. We saw the day's high at 79331.52, but price action has been pushing down. Immediate resistance levels are sitting at 77850 and 77900. The bigger picture suggests sellers are in control, reflecting a general risk-off sentiment in the broader market.

The Setup: Waiting for a Retest

My plan is to wait for a retest of the 78523 area. This level aligns well with potential resistance before further downside, confirming the bearish structure. The technical levels are clear for a short entry here. Taking this trade, I'm setting my Stop Loss at 82256 to manage risk conservatively, and targeting 72923 for Take Profit. Clean setup. What are your thoughts? Still learning.