$BTC /USDT BEARISH SETUP — REJECTION AT SUPPLY ZONE, SHORT PLAY INITIATED!

$BTC/USDT surged into the resistance zone of $97,200–$97,800 but faced immediate rejection, signaling a potential local top formation. Price is currently trading around $96,950, showing exhaustion after a vertical rally. This zone aligns with previous supply and has become a major hurdle for bulls.

SHORT TRADE SETUP:

• Entry: $96,900 - $97,200

• Take Profit (TP): $96,240 and $95,330

• Stop Loss (SL): $97,816

MARKET OUTLOOK:

Bitcoin has posted strong gains over the past week, but the rally now appears overextended on lower timeframes. The formation of a double wick rejection within the supply area increases the probability of a retracement. If BTC breaks below $96,200, sellers may gain full control.

RISK MANAGEMENT:

Stick to low leverage, and risk only what you can afford to lose. Keep SL tight above resistance and adjust position sizing smartly.

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Be early, be profitable! Tap in before the market leaves you behind — this is the time to ride the trend!

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