š» $BTC /USDT ā Short Trade Opportunity at Channel Resistance!
#Bitcoin just rejected from the top of the rising parallel channel, showing signs of exhaustion. A clean short setup is forming as price begins to retrace toward key support levels.
š Market Structure:
Channel top tested and rejected
Bearish candle structure forming near resistance
Lower timeframes hinting at short-term weakness
š§ Key Technical Insights:
Overextension above mid-channel now reversing
Room available for price to revisit lower channel support
Confluence with previous demand zones below
šÆ Trade Setup (Short):
Entry Zone: $106,800 ā $107,000 (channel rejection zone)
Target 1: $105,950
Target 2: $104,600
Target 3: $103,400
Stop Loss: $107,600
ā Pro Tip:
For a safer entry, wait for a bearish retest or break below $106,000 with volume. Use tight stop-loss control ā this is a high-RR setup but needs confirmation.
ā ļø BTC cooling off at resistance ā short setup looks favorable if momentum holds! šš„