$BTC
/USDT BEARISH RETEST IN PLAY – RALLY FAILED NEAR $105,800!
Bitcoin is currently trading at $105,105 after a sharp rejection from the $105,800–$106,000 resistance zone. The 15-min chart shows a strong bearish engulfing drop following a failed breakout attempt. Price bounced slightly off the $104,800 low but remains weak, and any retest toward $105,400–$105,600 may invite more sellers.
Trade Setup (SHORT):
Entry Price: $105,200 – $105,400
Target 1: $104,800
Target 2: $104,300
Target 3: $103,500
Stop Loss: $105,750
Why Short?
BTC formed a lower high below $106,000 with strong red candles dominating the recent structure. Sellers are defending key levels, and the weak bounce shows little strength. If price closes below $105,000 again, expect downside continuation.
Risk Management Tip:
Respect the stop-loss. A breakout above $105,750 invalidates the short setup. Lock in profits progressively as BTC approaches each target zone.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
