$BTC

USDT BEARISH REVERSAL – SELLERS READY TO DOMINATE BELOW KEY SUPPORT!

Current Price: $108,970

Bitcoin is showing a strong bearish setup after rejecting the resistance zone around 109,700 – 110,000. Price has formed a descending channel and is testing the crucial support near 109,200 – 109,000. A breakdown below this support confirms further downside momentum.

🔻 Key Levels:

Resistance: 109,700 – 110,000

Support: 109,000 (current minor) and major support at 106,355

💼 Trade Setup:

Entry (Short): below 109,000 confirmation

Targets (TP):

TP1: 107,500

TP2: 106,355

Stop Loss (SL): above 109,705

📊 Market Outlook:

Bitcoin is losing bullish momentum with repeated rejections at the upper supply zone. As long as price stays below 109,700, bears will remain strong targeting deeper corrections to 106,355.

⚠️ Risk Management:

Always use strict stop loss and maintain 1:2 risk-reward ratio. Avoid overleveraging; wait for breakdown confirmation before entry.

buy and trade here on $BTC

#BTC #Bitcoin #CryptoAnalysis #BearishSetup #Trading

buy and trade here on $BTC