$BTC /USDT POSSIBLE FAKEOUT BEFORE SHARP DUMP – BE READY FOR THE MOVE!
Bitcoin is currently hovering around $104,750, showing a short-term bullish push toward the $105,200–$105,400 zone. However, price is struggling to hold above the descending trendline and resistance is building just above. A sharp rejection from this area could lead to a breakdown toward $103,300 and even $102,800.
🧠 What to Watch:
Rejection around $105,200–$105,400 = potential entry for shorts
Clean breakdown below $104,200 confirms bearish continuation
First major support near $103,300 and possibly $102,800 if momentum continues
📉 Price Action Outlook:
The chart suggests a bull trap scenario, where early long positions may be liquidated. Volume spikes and previous wicks hint at manipulation zones near the highs. Bears could take control once the retest fails and the trendline holds as resistance.
Risk Management Tip:
Avoid early entries — wait for rejection confirmation. Use tight SLs above $105,500 and trail your position once in profit.
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