🔻 $BTC /USDT Short Setup at Channel Resistance
Bitcoin just tapped the top of its rising channel and is now rejecting early signs of a short-term pullback are here.
📉 Structure Insight:
• Clear rejection at channel top
• Bearish candles printing on lower timeframes
• Overextension unwinding downside targets in view
🎯 Trade Plan – Short Bias
• Entry: $106,800 – $107,000
• TP1: $105,950
• TP2: $104,600
• TP3: $103,400
• SL: $107,600
⚠️ Risk Note:
Wait for a clean retest or breakdown below $106,000 for confirmation. Tight stop-loss essential.
Momentum fading this setup offers strong risk-to-reward if price follows through.