$BTC

USDT BEARISH REVERSAL SETUP – MAJOR DROP AHEAD? 🚨

Bitcoin is currently facing strong resistance near the 108,400 – 108,520 zone. Price is struggling to break above this supply area and is showing signs of rejection, indicating a potential downside move.

🔑 Key Levels:

Resistance: 108,400 – 108,520

Support: 106,500

Current Price: 108,066

💼 Trade Setup (Short):

Entry Zone: 108,100 – 108,400

Take Profit: 106,500

Stop Loss: 108,520

📊 Market Outlook: Momentum remains bearish as price fails to break key resistance zones and forms a corrective structure indicating weakness. If rejection continues below 108,400, expect sellers to take control targeting the major support at 106,500.

⚠️ Risk Management: Always use a strict stop loss (108,520) to manage risk in case of unexpected bullish breakout. Position size should be kept within your risk tolerance, ideally not risking more than 1-2% of your capital on this trade.

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