$BTC USDT – SHORT TRADE SIGNAL🔴
🟥 STRONG REJECTION AT $109,600
🟥 BEARISH ENGULFING FROM KEY RESISTANCE
Bitcoin attempted a breakout above the $109,600 resistance zone but faced immediate rejection, forming a bearish candle. Price is now pulling back after a failed push, indicating short-term exhaustion.
🔻 Key Levels:
• Resistance: $109,600 – $109,800 (supply zone)
• Support: $108,774 and $108,552
• Breakdown Trigger: Loss of $109,000 level
📉 Current Price Action:
Price has broken below the resistance rejection wick and is retracing toward recent support. Momentum appears to favor a downside move unless $109,600 is reclaimed quickly.
🔻 Trade Setup:
• Entry Point: $109,250 – $109,400
• Stop Loss: $109,850
• Take Profit:
TP1: $108,774
TP2: $108,552
TP3: $107,990
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook:
Rejection from resistance suggests a corrective move is underway. Expect further downside pressure toward $108,500 if $109K fails to hold.
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