$BTC USDT – SHORT TRADE SIGNAL🔴
REJECTION FROM LOCAL RESISTANCE ZONE
PRICE FORMING POTENTIAL LOWER HIGH
Bitcoin has faced a strong rejection near the $109,600 resistance level after an aggressive upward move. Price action on the 30-min chart suggests a possible reversal with a bearish engulfing and overextended rally.
🔻 Key Levels:
• Resistance: $109,600
• Support Zone: $107,800 – $107,500
• Breakout Confirmation: Loss of $108,500 opens room for deeper retrace
📉 Trade Setup:
• Entry Point: $108,800 – $109,200
• Stop Loss: $109,650
• Take Profit:
• TP1: $107,700
• TP2: $106,300
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
BTC shows signs of exhaustion after the recent pump. Expecting a short-term correction toward the support zone if bears maintain momentum.
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