Bitcoin has slipped below the key $108,600–$108,700 support zone, which has now turned into resistance—confirming a short-term bearish shift.
The market structure is printing lower highs and lower lows, signaling continued selling pressure. A bearish engulfing candle on the 30-min chart adds to the downside momentum.
🔻 Potential Trade Setup:
• Entry Zone: $108,600 – $108,400
• Stop Loss: $108,800
• Target: $107,800
• Risk: 2–3% of wallet
• Leverage: 10x
📊 Outlook:
BTC is trading around $108,400, and unless it reclaims $108,800, the trend favors further downside. A move below this level opens the door to $107,800 and potentially lower.
🔔 Stay cautious—price action suggests bears are in control for now.
#Bitcoin #CryptoTrading #BTCanalysis 