🔻 $BTC
USDT BEARISH REVERSAL SIGNAL – SELLERS PREPARING TO DOMINATE
Bitcoin is currently facing strong resistance near $108,300 after a sharp recovery from the recent lows. The price has formed a potential bearish rejection pattern at this supply zone, indicating sellers may regain control soon.
Key Levels:
Resistance: $107,850 – $108,310 (major rejection zone)
Support: $105,960 (potential target area)
Current Price: $107,273
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💥 Trade Setup (Short Entry)
Entry Zone: $107,800 – $108,300
Take Profit (TP): $105,960
Stop Loss (SL): $108,330
📉 Market Outlook: The market has retraced into the resistance area after breaking out of the falling wedge. However, rejection at this zone suggests a bearish reversal towards $106k levels. Momentum is weakening at resistance with a potential downside move if rejection holds.
⚠️ Risk Management: Trade with proper position sizing and risk max 1-2% per trade. Wait for clear rejection confirmation before entering to avoid false breakouts.
💬 What’s your strategy for BTC today? Comment below 🔻
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buy and trade here on $BTC