$BTC / USDT LOSING MOMENTUM BELOW $105K!
$BTC is trading at $104,798 (-0.98%), slipping from the intraday high of $106,000 after multiple failed attempts to break above $106,161 resistance. The 4H chart shows a slow bleed with lower highs, signaling weakening bullish momentum.
Despite strong bid-side strength (80.18%), buyers are hesitating as BTC trades below key short-term support at $105,000. A drop below $104,179 could accelerate selling toward $103,000 or even $102,800 zone.
Trade Setup (Short Bias):
• Entry: $104,800 – $105,200
• TP1: $103,700
• TP2: $102,900
• SL: Above $106,200
Watch $BTC for a decisive 4H close above $106.2K to invalidate the bearish setup. For now, the bias leans cautiously bearish with potential dips in play.
