$BTC /USD BEARISH BREAK OR BOUNCE BACK? DECISION TIME FOR BITCOIN!
#Bitcoin is currently trading around $107,000, showing signs of exhaustion after a recent rally attempt toward $108,695. A string of lower highs and weak bullish volume suggest the bulls are losing momentum. A potential bearish correction is building up unless BTC breaks back above the key resistance zone. Traders should prepare for either a bounce or a deeper drop — but right now, pressure favors sellers.
Key Levels to Watch:
Current Price: $107,000
Immediate Resistance: $108,000 – A critical hurdle; failure to break = bearish setup
Major Resistance: $108,695 – The top of the current range
Immediate Support: $106,450 – First line of defense for bulls
Major Support: $105,168 – Break below may trigger stronger downside
Deeper Support Zone: $104,070 – $103,500 – Strong historical buy zone
Trade Setup (SHORT Entry):
Entry Zone: $107,300 – $107,600 (if price retests with weakness)
Stop Loss: $108,700 (above major resistance)
Take Profit 1: $106,450
Take Profit 2: $105,200
Take Profit 3: $104,000
Use trailing stop once TP1 is hit to secure profits.
Risk Management Tip:
Never risk more than 1-2% of your capital per trade. Be disciplined—only enter if price confirms rejection from resistance. Let the chart lead, not emotions.
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Market Outlook:
Bitcoin is currently trading around $107,000, showing signs of exhaustion after a recent rally attempt toward $108,695. A string of lower highs and weak bullish volume suggest the bulls are losing momentum. A potential bearish correction is building up unless BTC breaks back above the key resistance zone. Traders should prepare for either a bounce or a deeper drop — but right now, pressure favors sellers.
Key Levels to Watch:
Current Price: $107,000