$BTC /USD BEARISH ANALYSIS 🔻 | BITCOIN STRUGGLES BELOW RESISTANCE – DOWNSIDE LIKELY!
📉 Current Price: $105,583
🔺 Key Resistance Levels: $108,000 – $112,000 – $118,000
🔻 Key Support Levels: $104,000 – $102,000 – $98,000
Bitcoin is currently trading in a tight range near $106K, failing to reclaim the $108K resistance. Sellers are stepping in at key levels, and unless bulls push price above $108K soon, we could see a bearish reversal to lower supports.
📊 TRADE SETUP – SHORT
🔹 Entry: $105,600
🎯 Targets:
• TP1: $104,000
• TP2: $102,000
• TP3: $98,000
🛑 Stop Loss: $108,200
📌 RISK MANAGEMENT:
Only risk 1–2% of your capital. Maintain strict SL and avoid revenge trading. Use position sizing wisely and follow trend confirmation signals. ⚖️📉
🚨 Patience and discipline are your best indicators! 📊💼
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