$BTC / – BEARISH BREAKDOWN IMMINENT? 🚨💥
🔍 Technical Analysis (4H Chart Overview)
Bitcoin is currently trading at $104,399.78 (-1.37%), showing weakness near a key resistance area and struggling to reclaim higher levels.
📉 Key Levels to Watch:
Resistance Zones:
🔺 $105,200 – Immediate resistance
🔺 $106,000 – $107,000 – Major supply zone
Support Levels:
🔻 $103,400 – Near-term support
🔻 $102,600 – Key support, breakdown could trigger deeper fall
📉 Trade Setup: SHORT ENTRY IDEA 🧨
Entry: $104,500 – $105,200 (On retest rejection)
Stop Loss (SL): $106,200
Take Profit (TP):
✅ TP1: $103,400
✅ TP2: $102,600
✅ TP3: $101,500 (Extended target if momentum continues)
🛡️ Risk Management:
Risk only 1-2% of your capital per trade. Ensure SL is respected and avoid overleveraging. Wait for bearish confirmation candles before entering.
⚠️ Trade what you see, not what you feel. Let the trend guide you! 📉🧠💼
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