$BTC /USDT BEARISH CONSOLIDATION — PRICE STUCK IN A RANGE, VOLATILITY AHEAD!
$BTC/USDT is currently trading near $103,098 and remains stuck in a tight sideways range on the 1-hour chart. Repeated rejections near $104,000 and failure to hold higher lows suggest a weakening bullish structure and possible downside pressure if support breaks.
Trade Setup:
Short Entry: $103,200 – $103,400
Take Profit: $102,300 / $101,500
Stop Loss: $104,600
Market Outlook:
Bitcoin is ranging with no clear breakout, showing indecision. If it fails to reclaim $104,000 with volume, sellers may dominate. A breakdown below $102,500 could trigger a sharper drop. Watch for volatility!
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