$BTC /USD ⚡ BEARISH CONTINUATION ON 4H – WATCH DOWNSIDE!

📉 Technical Overview:

Bitcoin is currently trading around $108,306 on the 4H Bitstamp chart. The market shows a clear downtrend with lower highs and lower lows. Short-term momentum favors further downside, but key support zones could provide temporary bounces.

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🔑 Key Levels:

Resistance: $115,000 – $116,000 (recent swing high)

Current Price: $108,306

Support Levels:

S1: $107,718 (TP1 zone)

S2: $103,930 (TP2 zone)

S3: $100,142 (TP3 zone)

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🎯 Trade Setup:

Position: SHORT 🔻

Entry: ~$108,500 – $108,800

Targets (TP):

TP1: $107,718

TP2: $103,930

TP3: $100,142

Stop Loss (SL): $115,294 (above resistance)

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⚠️ Risk Management:

Risk 1–2% of capital per trade. Only enter after confirmation of resistance rejection or bearish candlestick formation. Use partial exits at TP1 and TP2 to lock in profits while trailing SL for TP3.

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