$BTC /USDT TECHNICAL ANALYSIS – BINANCE TRADE SETUP

Status: SHORT-TERM BEARISH CONTINUATION POSSIBLE

Current Price: $104,760.01

24H Range: $103,371.02 – $107,771.34

24H Change: -1.94%

Volume (BTC): 16,930.02

Volume (USDT): $1.78B

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🔻 Market Outlook:

$BTC /USDT has broken below the key support at $105,400 and is currently hovering near the $104.7K level. Short-term trend momentum remains weak, and failure to recover above $106.2K could confirm a deeper pullback.

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📉 Bearish Trade Setup:

🔹 Entry Zone: $105,200 – $105,600 (on retest/rejection)

🔸 Take Profit Targets:

T1: $103,800

T2: $102,600

T3: $100,000

🛑 Stop Loss: $106,800

📌 Key Resistance Level: $107,000

📌 Key Support Level: $103,400

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📊 Technical Summary:

The rejection from the $107,000–$108,000 zone followed by lower highs and volume fade suggest that bulls are losing control in the short term. A sustained move below $103.4K could lead to a slide toward the psychological $100K level.

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⚠️ Note: Watch for a weak bounce to $105.5K–$106K before entering. Use tight SL as volatility may increase during macro news or BTC ETF-related developments.

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