$BTC USD BEARISH SETUP: MAJOR REJECTION SPOTTED! 🚨
Bitcoin faced a strong rejection near the 108,630 resistance zone, confirming bearish momentum as price failed to hold above the key support turned resistance at 108,162. Currently trading at 107,541, sellers are gaining strength.
🔻 TRADE SETUP (SHORT):
Entry: 107,540 – 107,600
Targets:
➤ TP1: 107,000
➤ TP2: 106,500
➤ TP3: 106,133
Stop Loss: 108,160
💡 MARKET OUTLOOK:
BTC is showing weakness after multiple failed attempts to break resistance, indicating potential continuation towards lower support zones unless a strong bullish reversal candle appears soon.
⚠️ RISK MANAGEMENT:
Use proper position sizing. Do not risk more than 1-2% of your capital on this setup.
🔥 Do you think BTC will drop to 106k this week? Comment your targets below! 👇