🔍 $BTC

/USDT – Bearish Trade Setup & Technical Analysis

Current Price: $103,197 (+0.31%)

24h High/Low: $103,982 / $102,817

Volume:

$BTC : 7,823.81

USDT: $809.48M

📉 Technical Overview:

Trend Shift: Price facing rejection near $104K, showing signs of exhaustion.

Candle Pattern (1H/4H): Wicks on top + tight consolidation = potential lower high formation

Support Break Risk: Holding above $103K, but failure to maintain this level could trigger a deeper pullback.

⚠️ Bearish Signals:

Decreasing momentum despite higher price

Lower volume on recent green candles

Resistance: $104,000 – strong selling pressure

MACD/RSI (on LTFs): Bearish divergence visible on 1H/4H

🎯 Bearish Trade Setup:

Entry Zone: $103,300 – $103,600 (weakness on retest)

Stop Loss: $104,200 (above key resistance)

Trade Momentum: Bearish (Short-Term Pullback Expected)

🎯 Target Levels (Downside):

Target 1: $102,500 – Immediate support

Target 2: $101,800 – Key support floor

Target 3: $100,600 – Strong psychological level

📌 Note: A clean break below $102.8K with volume will confirm the bearish continuation. Avoid longs until bulls reclaim $104.2K with strength.

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