The 4-hour EMA was indicating a decline at levels 50 - 200 and is still continuing until the level of 101,600.
BullishBanter
--
$BTC /USDT BREAKDOWN ALERT – SHORT TRADE SETUP UNDERWAY!
Bitcoin has slipped hard from the recent high of $108,952, now trading at $104,341, marking a -3.07% daily drop. The selling pressure is clearly building, and bulls are losing grip.
If price fails to reclaim the $106,000 zone soon, we could see a further slide toward major support areas.
Insights: This pullback looks sharp and aggressive. If BTC doesn’t reclaim $106K fast, bears might push it deeper. Keep an eye on macro news and watch volume around the $104K zone for further clues.
Short now, secure profits as we ride the downtrend ..
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.