⚡ $BTC /USDT – Bitcoin Market Snapshot ⚡
📉 Market Overview: Sideways Chop After Dip
1️⃣ Key Resistance Zone: $104,500 – $105,000
▪️ Bulls attempted a push above $104.9K
▪️ Rejection indicates supply in that area
2️⃣ Support Zone: $102,600 – $102,000
▪️ Holding for now, but weakness seen on retests
▪️ Loss of $102K = likely drop to $100K psychological mark
3️⃣ Trend Bias: Neutral-to-Bearish
▪️ Lower highs forming on 1H/4H
▪️ Market needs strong volume reclaim above $105K to flip bullish
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📊 Trade Setup Options
🔻 Bearish Setup (Rejection Play):
🔸 Entry: $103,800 – $104,100
🎯 Targets: $102,600 / $101,200 / $100,000
🛑 Stop Loss: $104,900
🔼 Bullish Setup (Breakout & Retest):
🔸 Entry: $105,000+ on volume breakout
🎯 Targets: $106,500 / $108,000
🛑 Stop Loss: $104,300
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⚠️ Risk & Notes:
▪️ Sideways chop = high risk of fakeouts
▪️ Dominance rising — monitor altcoin pairs for weakness if BTC pops
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📌 Bias: Short-Term Bearish below $104.5K
🔍 Key Level to Watch: $102,600 — Break = confirmation for downside continuation