$BTC /USDT BEARISH REVERSAL FORMING — WATCH THE SUPPORT ZONE AT $104K!
#Bitcoin is struggling below the $108K resistance, with consecutive lower highs indicating seller strength. Price has now dropped to $104,800, and if it breaks below $104,000, further downside toward $102,000–$100,000 is likely. Short-term pressure is building, and buyers are losing momentum on the 1H chart.
Trade Setup (SHORT):
Entry Price: $105,500 – $107,000
Target 1: $103,000
Target 2: $101,500
Stop Loss: $108,200
Why Short?
The rejection from $108K and persistent lower high structure signal a bearish reversal. Volume is fading as price tests lower support levels, hinting that bulls are stepping back. A breakdown below $104K would confirm further downside toward psychological support at $100K.
Risk Management Tip:
Only trade with SL above $108,200. Structure shifts if BTC reclaims and holds above that level — always protect capital first.
Sell smart — don’t chase green candles when the trend is turning red!