$BTC
/USDT BEARISH SETUP: PRICE FACES REJECTION FROM RESISTANCE ZONE!
Bitcoin has once again failed to break above the 97,000 resistance area, showing strong signs of a bearish reversal. The price is currently getting rejected from a key supply zone and forming a lower high, indicating potential downside momentum in the short term.
Trade Setup:
Entry (Short): 96,500 – 96,550
Take Profit (TP): 95,200 / 94,600
Stop Loss (SL): 97,060
Market Outlook:
As long as price remains below the 96,700 resistance, the bears are in control. A breakdown below 96,200 can accelerate the fall. Traders should watch for increased volatility and avoid overleveraging.
Command: Wait for confirmation, enter the trade smartly, and manage your stop loss tightly.
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