BTC/USDT: Lower High Confirmed – Bearish Momentum Building
🚨 Bitcoin $BTC Faces Heavy Rejection at $102.9K – Support Retest Likely Below $102K
Bitcoin continues to face intense selling pressure as it fails to break above the critical resistance at $102,946, forming a lower high on the 15-minute chart. This intraday structure signals weakening bullish momentum, with multiple rejections suggesting bears are firmly in control for now.
🔴 Short Trade Setup:
Entry: $102,350
Take Profit (TP): $101,500
Stop Loss (SL): $102,950
Risk-to-Reward Ratio: ~1.4x
⚠️ Key Levels to Watch:
$101,800: Critical short-term support. A break here could lead to accelerated sell-offs.
$103,000+: Bulls must reclaim this level with strong volume to reverse the bearish bias.
🧠 Scalp Smart – Stay Disciplined
Intraday traders should respect stop-loss zones and reassess near $101,500. Momentum remains on the side of the sellers unless bulls can push with conviction above $103K.
📉 Market sentiment is shifting. Stay alert, trade safe.
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