š $BTC /USDT ā BEARISH PRESSURE BUILDING BELOW KEY LEVELS! ā ļøš³ļø
Current Price: $104,669.15
Timeframe: 1H & 4H
24H Range: Low $103,371.02 ā High $108,952.38
š TECHNICAL OUTLOOK:
Bitcoin is trading below a significant resistance zone after a sharp rejection from the $108K area. With lower highs forming and price failing to hold above $105,400, bearish momentum is increasing. Caution is advised as the trend favors the downside in the short term.
š KEY LEVELS:
Resistance Zone: $106,200 ā $107,500 š¼
Support Zone: $102,800 ā $103,400 š”ļø
Breakdown Trigger: Below $103,400 š»
š” TRADE SETUP ā SHORT POSITION:
š¤ Entry: $104,000 (on confirmed rejection below $105,400)
šÆ Targets (TP):
⢠TP1: $103,000
⢠TP2: $101,800
⢠TP3: $99,500 (extended)
š Stop Loss (SL): $106,400 (above resistance zone)
š§ RISK MANAGEMENT:
š¹ Risk max 1ā2% of capital
š¹ Maintain a Risk:Reward ratio of at least 1:2
š¹ Use SL/TP and avoid emotional trades
šØ Market is leaning bearish ā play the trend, protect your capital. š»šš¼
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