$BTC

🔍 Quick Summary of Market Condition

Price: $109,416 (slightly down from recent high)

Recent trend: Bullish impulse → consolidation → small pullback

Volume: Declining after spike — suggests market indecision or cooling off

Current candles: Bearish bias with small red candles — weak selling pressure

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🧭 Trade Direction Suggestion: WAIT or Go Long on Dip

❗ Why not short now?

You missed the best short entry (around $110,600 area).

The price is approaching short-term support (~$109,000 to $108,600).

Momentum is fading — no strong bearish breakdown confirmed yet.

✅ Preferable Strategy: Go Long (but wait for confirmation)

Look for a reversal signal (bullish candle or hammer) near $108,600–$109,000.

If price stabilizes and starts to bounce, you can long with a tight stop.

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🛠️ Long Trade Setup

Entry: $108,800 (after confirming bounce)

Stop Loss: $108,200

Target: $110,000 – $110,500

Risk/Reward: Good (approx. 2:1)

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🕒 When to Re-evaluate

If price breaks below $108,200 on high volume, the structure turns bearish, and a short position may be more appropriate toward $107,000.

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🧠 Final Suggestion

🔸 Don't rush a position right now.

🔸 Best move: Wait for bounce confirmation at support and then go long.

🔸 Avoid shorting into support unless there's a strong breakdown with volume.