$BTC /USD – BEARISH BREAKDOWN COULD GAIN MOMENTUM BELOW $104K!
#Bitcoin is currently trading at $104,747, showing a -1.29% decline, signaling a bearish sentiment in the market. The price has failed to sustain above key support zones, and sellers are gaining control. Unless bulls step in strongly, further downside is likely.
Key Levels:
Immediate Resistance: $107,000 – $107,250
Mid Resistance: $106,500 – $106,750
Immediate Support: $104,330 – $104,000
Next Major Support: $103,750 – $103,000
Current Price: $104,747
The pair is hovering just above a critical support at $104,330. If this level breaks, momentum could accelerate toward the $103K region.
🔻 Trade Setup – SHORT POSITION
Entry: $104,600 – $104,800
Take Profit Targets:
TP1: $104,000
TP2: $103,500
TP3: $103,000
Stop Loss: $105,350 (just above short-term resistance)
📊 Market Outlook:
Bitcoin appears weak as sellers maintain pressure below the $107K resistance. The lack of bullish volume and consistent lower highs suggest a continuation of the bearish trend unless key resistances are flipped.
⚠️ Risk Management Tip:
Risk only 1-2% of your capital per trade. Always use stop loss, especially in a volatile pair like BTC/USD.
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