## BTC/USDT Trade Analysis 🚨
### Current Market Situation 🔄
Bitcoin's current price is $108,668.48 with a 0.73% increase. The 24-hour high and low are $109,216.56 and $107,429.57, respectively.
### Trade Setup 📊
- *Entry Point*: $108,728.10
- *Stop Loss (SL)*: $109,216.56 (slightly above the current high)
- *Take Profit (TP)*: $107,429.57 (near the 24-hour low)
### Why Short? 🤔
- Resistance rejection at $109,216.56 indicates potential downward momentum
- Lower highs may signal bearish dominance
### Risk Management 🚨
- *Risk-Reward Ratio*: 1:3.8, indicating potential gain outweighs potential loss
- *Potential Loss*: $488.46 (if price hits SL)
- *Potential Gain*: $1,298.53 (if price hits TP)
### Action Plan 📝
- *Scalp 50%*: at $107,733.36 to lock in partial profits
- *Trail SL*: to breakeven at $107,340.22 to minimize losses
- *Cancel Short*: if price breaks $109,305.91, indicating potential trend reversal
Stay informed, trade smart! 📈 #BTCUSDT #ShortTrade #CryptoTrading #BinanceSquare¹