Timeframe: 4H & 1H (Binance Futures)
$BTC Current Price: $104,190 (Approx)
📊 4H Chart Overview:
🔻 Trend:
Market structure is clearly showing Lower Highs & Lower Lows, indicating short-term bearish momentum.
📌 Key Resistance Levels:
$105,500 – Immediate resistance
$106,775 – Secondary resistance
$108,950 – Previous swing high
📌 Key Support Levels:
$103,000 – Strong demand zone
$101,500 – Next support if breakdown happens
📈 Moving Averages:
MA(5): 1272.17
MA(10): 1868.15
→ Price is currently trading below both MAs, confirming continued weakness.
⏱️ 1H Chart Overview:
🔸 Market Action:
Strong sell-off from $105,550 to $103,500
Minor recovery attempts are facing rejection near $104,300
Buyers are losing strength, candles showing weak momentum
📉 Order Book Sentiment:
Buy Pressure: 0.54%
Sell Pressure: 99.46%
→ Heavy sell-side dominance indicates a possible continuation to the downside.
📦 Volume Profile:
Volume decreasing on bullish candles
→ Indicates weak buying interest during recovery
🧠 Technical Summary:
🔻 Bias: Bearish
Unless price reclaims and sustains above $105,500, $BTC is likely to revisit support zones.
🎯 Trade Idea – Short Setup
⚠️ Use proper risk management. Not financial advice
Entry Zone: $104,500 – $105,200
Take Profit Targets:
TP1: $103,500
TP2: $101,800
Stop Loss: $106,000
Leverage: 10x–20x (Cross or Isolated)
Risk Management: Use 1–2% of your capital only.
🧩 for safer trades, wait for a clear 4h candle close below $103,500 for confirmation.
