🔥 $BTC

USDT BEARISH BREAKDOWN – PRICE SLIDING TOWARDS SUPPORT

Current Price: $106,861.42

🔑 Key Levels:

Resistance: $108,175 (24h high, recent strong rejection zone)

Support: $106,438 (24h low, potential bounce area)

📉 Trade Setup (Short Entry):

Entry: $106,850 – $107,000 (current breakdown zone)

Stop Loss: $107,500 (above recent candle rejection)

Targets (TP):

TP1: $106,600

TP2: $106,450

TP3: $106,200 (extended bearish target)

📊 Market Outlook:

BTC is showing a strong bearish engulfing candle after rejection near $107,750. Sellers are gaining momentum, and a retest of $106,438 support is likely if volume remains high.

⚠️ Risk Management:

Trade with 2-3% capital per position, set your SL strictly, and avoid emotional averaging down in quick dump phases.

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