š“ $BTC
/USDT BEARISH SETUP (15m)
Testing resistance ā rejection zone in sight š
Bitcoin is currently trading at $104,701, pressing into a strong resistance block near $104,811. After a recovery from the local dip, price is now at a key decision point. The setup shows a potential lower high rejection forming.
š» SHORT TRADE PLAN:
⢠Entry: $104,700 ā $104,800
⢠Stop Loss (SL): $105,463
⢠Take Profit (TP): $104,406 / $104,200
⢠Risk/Reward: Solid 1:2+
This resistance zone has been respected multiple times ā and unless BTC breaks it cleanly with volume, the bias remains bearish short-term.
š Market Outlook:
⢠Supply zone tested
⢠Lower timeframe structure remains fragile
⢠Ideal for fast scalps or fade trades on weakness
ā ļø Don't chase ā wait for confirmation inside the red zone.
#Bitcoin #SwingTradingStrategy #Write2Earn #PowellRemarks #MyTradingStyle