$BTC Rejected at Major Resistance – Short Setup Activated
$BTC just tapped a strong resistance near $109,000 after a breakout from consolidation. Immediate rejection and long upper wick signal a possible reversal. Price is likely to retest lower zones if momentum fades.
SHORT Setup:
• Entry: $108,738
• TP1: $108,000
• TP2: $107,774
• TP3: $107,300
• SL: $109,078
Market Insight:
Despite the breakout, BTC faced a strong rejection zone above and failed to close strongly. If the price closes below $108,700, bears might take control for a drop toward support levels.