🔺$BTC Price was rising in a bullish ascending channel → Got rejected sharply near $110,500 (purple resistance box).
📉 Breakdown of structure led to a massive drop — price violated support zone near $108,200 and created lower lows.
📊 Volume spike on breakdown confirms strong sell momentum.
🔍 Key Zones👀
🔻 Resistance: $109,250 – $110,500
🔻 Supply Block: Highlighted purple zone (failed retest)
✅ Demand Zone (Support): $106,900 – $107,200
🧠 Smart Trader Setup:
✅ Sell-on-Retest Plan (Intraday):
If BTC retests $108,200 – $108,400 area and gets rejected (with weak volume), it’s a prime short-entry 🗿
🎯 Targets:
TP1: $107,200
TP2: $106,500
SL: $108,900 (above breakout failure wick)
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