$BTC / Short Trading Signal 🔴
Bitcoin has broken key support levels after repeated failures near $103,900 and EMA(99). Bearish trends have increased as the price cut through EMA(7) and EMA(25), leading to a sharp drop with a low of $101,110. Currently, it is consolidating near $101,550 - any weak rebound may be a selling opportunity.
Trade Setup:
• Entry Point: $101,580 – $101,400
• Stop Loss: $101,950
• Take Profit:
•1: $100,950
•2: $100,300
Market Outlook:
The trend remains bearish. As long as BTC stays below $102,000, selling pressure is likely to continue with chances to test liquidity below $101K.
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