Bitcoin ($BTC) is showing signs of a short-term cooldown following a failed attempt to hold above recent resistance levels. With momentum shifting, traders are eyeing a potential downside move before any major rebound.
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🔍 Market Snapshot
After struggling to reclaim higher ground, BTC appears to be entering a minor corrective phase. Lower timeframes are flashing bearish signals, making this a window for short setups — but with clear risk controls in place.
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📊 Suggested Trade Setup
Bias: Short
Entry: Near current levels
Take-Profit Targets:
🎯 TP1: $108,000 — Already in play
🎯 TP2: $106,000 — Approaching
Stop-Loss: 🛑 $108,500
This setup reflects short-term market dynamics and should be approached with caution. Once TP2 is reached, it may be wise to pause and reassess, as a rebound could follow.
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🔁 What’s Next?
A bounce is likely after TP2, especially if RSI and volume start flipping.
Watch for potential reversal patterns on the 1H or 4H charts.
If BTC finds support around $106K, it could quickly retest higher levels —
but only after bearish momentum fades.