$BTC

USDT BEARISH SETUP – REJECTION EXPECTED BELOW RESISTANCE ZONE 🚨

Bitcoin is showing weakness after failing to reclaim the intraday resistance. The price is currently at $107,944, forming lower highs and indicating possible continuation to the downside if rejection sustains.

🔑 Key Levels:

Resistance: $108,720 – $109,500 zone

Support: $106,235 – $106,250 zone

Current Price: $107,944

📉 Trade Setup (Short):

Entry: $108,100 – $108,500 (wait for rejection confirmation)

Take Profit (TP): $106,250

Stop Loss (SL): $108,720

📊 Market Outlook: Momentum remains bearish with lower highs and strong sell pressure from resistance zones. Breaking below $107,500 will strengthen sellers' control towards the $106,250 target.

⚠️ Risk Management: Use strict stop loss at $108,720. Risk only 1-2% per trade to protect capital against sudden volatility spikes.

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