BTC Technical Analysis – Bearish Setup in Play
Current Price: $104,525.99
📉 Trend:$BTC $ Bearish momentum is clearly building.
🔍 Here's my breakdown:
24h Range: $103,929.27 🔻 – $105,220.00 🔺
Moving Averages:
• MA(7): $104,474.76
• MA(25): $104,587.53
• MA(99): $105,505.93
→ Price is trading below all key MAs – showing consistent bearish pressure.
📉 MACD & RSI Signals:
MACD: Bearish crossover forming
RSI: Moving downward near 45 – more downside potential
📉 Key Support Zones:
$103,929 – Holding as immediate support
$102,700 – Critical level; break below could trigger further sell-off
📈 Resistance Areas:
$105,220 – Short-term barrier
$105,505 – Strong resistance (MA99)
🚨 My Short Trade$BTC
Setup:
Entry: $104,500 – $104,600
Target 1 (TP1): $103,500
Target 2 (TP2): $102,700
Stop Loss (SL): $105,600
⚠️ Risk Strategy:
Only risking 1–2% per trade.
Will trail stop once TP1 hits to lock in profit.
Watching volume to confirm any breakdown continuation.
Bearish setup active –$BTC sticking to the plan and managing risk! 💼👊
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