📉 Why are we looking for a SHORT here?
Strong bearish rejection: Price was sharply rejected from the 4,340–4,345 area, followed by a strong sell-off.
Bearish market structure: The chart is forming lower highs and lower lows, confirming short-term downside momentum.
Price below key EMAs: BTCGOLD is trading below the yellow and pink moving averages, showing that sellers are currently in control.
Support has been broken: The previous 4,320–4,325 area has been lost and can now act as resistance on a retest.
Momentum remains bearish: The strong downward candles indicate aggressive selling pressure, so a continuation toward lower support levels is possible.