$BTC USDT BEARISH REVERSAL AFTER FAILING TO HOLD ABOVE RESISTANCE

Bitcoin failed to sustain above the $109,200 resistance, showing strong selling pressure and forming a bearish engulfing candle on the 1H chart. This suggests potential downside continuation in the coming hours.

šŸ”‘ Key Levels:

Resistance: $109,200 – $109,600

Support: $107,800 – $107,400

Current Price: $108,326

šŸ“Š Trade Setup (Short Entry):

Entry Zone: $108,400 – $108,600

Take Profit 1: $107,800

Take Profit 2: $107,400

Stop Loss: $109,300

šŸ“‰ Market Outlook:

BTC shows a rejection from near-term resistance with bearish momentum resuming. If it breaks below $107,800, further downside towards $107,400 is expected as bears regain control.

āš ļø Risk Management:

Always use position sizing to limit risk to 1-2% per trade and adjust stop loss if the market structure changes to protect capital efficiently.

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