$BTC /USDT Chart Analysis
Current price around 108,146
Market resistance zone(red area) around 109,121
market support zone (green area)
around 105,720
ENTRY POINT: 108,119
TARGET 1: 107,000
FINAL TARGET: 105,720
STOP LOSS: 109,121.
Trade Bias: bearish (short/sell setup)
Reasoning:
price has moved into a previous supply zone
chart anticipates a rejection from this resistance area.
if rejection occurs, price may revisit previous support area(marked as Target 1 and 2.
If the price breaks above 109,121 it would invalid the short setup, signaling possible continuation of the uptrend.
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