$BTC /USDC SHOWS STRONG BOUNCE, BUT REJECTION NEAR $105K LIKELY – SHORT TRADE SETUP ALERT
Bitcoin ($BTC ) has rebounded from the intraday low of $104,203.29 with strong bullish candles, reaching $104,860.93. However, it's approaching a known rejection zone around $105,000 – $105,573, where sellers previously stepped in.
📉 Market Snapshot
24h High: $105,887.22
24h Low: $103,387.27
Current Resistance: $105,000 – $105,573
Short-term Support: $104,200
🔻 Short Trade Setup Idea:
• Entry Zone: $104,900 – $105,100
• Target 1: $104,300
• Target 2: $103,800
• Stop Loss: $105,600
⚠️ Watch closely for a bearish candle or rejection wick near the resistance zone before entering. If momentum weakens here, the short setup could play out with a clean drop back toward the recent low.
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