💥 $BTC
USDT BEARISH SETUP: REJECTION FROM RESISTANCE ZONE COULD TRIGGER A DROP
Bitcoin is currently trading at $108,696, facing strong rejection near the resistance zone of $108,770 - $109,075. Price failed to break and hold above this supply area, indicating a potential short opportunity.
🔑 Key Levels:
Resistance: $108,770 – $109,075
Support: $107,780 and major support near $107,475
📉 Trade Setup (Short):
Entry: $108,700 – $108,770
Targets (TP):
TP1: $107,780
TP2: $107,475
Stop Loss (SL): $109,100
📊 Market Outlook: BTC shows signs of exhaustion after a strong upside move. As long as it trades below $109,100, bearish pressure may continue towards the support levels mentioned.
⚠️ Risk Management: Always use strict stop losses. Avoid overleveraging. Trade with calculated position sizes to protect your capital.
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💬 What’s your move here? Short or stay out? Comment 🧐
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