๐ *Bearish BTCUSD Setup*
*๐ฏ Target:* 104,170
*๐Current Price:*107,307
*๐ Stop Loss:* 108,360
*Risk-Reward:* Solid if move plays out cleanly
โ
๐ง Deep Dive:
- *Why Bearish?*
BTC is showing signs of short-term weakness โ possibly forming a lower high. Momentum indicators like RSI are cooling off, and there's rejection near local resistance zones. โ ๏ธ
- *Price Compression:*
The market has been coiling under key resistance around108K. If that level holds as a ceiling, sellers may regain control. ๐
- *Volume Trend:*
Volume is fading slightly on the way up โ a possible sign of distribution rather than accumulation. ๐ง
- *Key Support Zone:*
104Kโ103K acted as prior demand. If price rolls over, this is a reasonable target for short setups. ๐
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โ ๏ธ Risk to Bulls:
- If BTC flips above 108,360 with strength, it could invalidate the bearish bias quickly and spark a short squeeze. ๐๐ฅ
โ
๐ฎ Summary:
This is a classic short setup targeting a retest of recent support around *104K*, with a well-defined stop. High reward potential, but monitor closely โ Bitcoin can flip sentiment fast. ๐จ
#BTC #CryptoTrading #BearishSetup ๐ป๐ฐ๐