$BTC – 🔻 Bear Flag Breakout Confirmation... Retest Rejected at Minor Resistance!!!!
Bitcoin has broken out of the bear flag pattern and faced rejection at a retest of the broken trend line.
The price is now trading near $107,940, failing to reclaim the previous support-turned-resistance level at $108,150.
Trade Setup:
• Entry Point: $107,940 – $108,000
• Stop Loss: $108,313
• Take Profit:
TP1: $107,236
TP2: $106,900
Market Outlook:
BTC is showing continued bearish momentum over the shorter timeframes.
As long as $108,300 remains unbroken, the price is likely to return to support near or below $107,200.