$BTC

**Trade Setup for BTC/USDT Perp**

**Entry:** 103,837

**Stop Loss (SL):** 103,940

**Target 1:** 103,634

**Target 2:** 103,434

**Key Levels & Indicators:**

- Current Price: $103,709.90 (-2.08%)

- Mark Price: 103,710.1

**Volume & Depth:**

- Monitor order book depth for liquidity around targets.

- Volume spikes at entry/SL zones critical for confirmation.

**Risk/Reward:**

- SL: ~10.3 points | T1: ~20.3 points (1:2 RRR) | T2: ~40.3 points (1:4 RRR).

**Action:** Short on rejection at EMA(9/15) with tight SL. Scale out at T1/T2.

*Always confirm with real-time volume & price action!* 🚀