$BTC /USDT is currently under pressure, trading at $107,833.15, down 1.45%. All key EMAs (7, 25, 99) are aligned bearishly, and price is approaching the critical support level at $107,429.57. A breakdown below this point could trigger a deeper move lower.
Short Trade Setup:
Entry: Below $107,429.57
Targets:
TP1: $107,374.79
TP2: $107,000.00
TP3: $106,500.00
Stop Loss: $107,863.00
Long Trade Setup (only if EMAs are reclaimed):
Entry Zone: $108,331.29 – $108,400
Targets:
TP1: $108,595.34
TP2: $108,900.00
TP3: $109,000.00
Stop Loss: $107,618.90
$BTC is currently below all major EMAs, confirming a bearish setup. A break below $107,429 could accelerate selling. For any long position, wait for a confirmed reclaim of the EMAs with strong volume to reduce risk.