$BTC /USDT Technical Analysis - Binance Update 🚨
Status: Bearish Short-Term Signal 📉
Current Price: $104,624.80 💰
24H Range: $103,371.02 - $107,771.34 📊
24H Change: -1.46% ⚠️
Market Outlook: BTC/USDT exhibits short-term fragility, trading beneath $105,000 💸. Declining peaks and waning bullish energy hint at potential downturn 📉.
Bearish Trade Setup:
Entry Zone: $104,800 - $105,200 🚀
Take Profit Targets:
1️⃣ $103,000
2️⃣ $101,500
3️⃣ $99,000
Stop Loss: $106,400 🛑
Key Resistance: $107,000 🚫
Key Support: $103,000 💪
Technical Summary: A descending pattern takes shape on lower timeframes, accompanied by diminishing volume near recent highs 📊. Failure to sustain above $105K could trigger a decline towards $101K-$99K 💥. Price action below $103K might amplify selling pressure 🚨.
Note: Await confirmation of rejection near entry zone before executing ⏰. Employ prudent risk management and track BTC dominance and macroeconomic catalysts 📈."