$BTC /USDT – BEARS SLAMMED BITCOIN TO $108K, BUT RELIEF BOUNCE FORMING

Bitcoin crashed from $111,500 down to a low of $108,103, showing heavy selling pressure with a –3.38% drop. However, the current candles signal buyers stepping in around $108K support, hinting at a possible short-term bullish rebound before the next decisive move.

Trade Setup (Long – Short-Term Rebound):

Entry (Long): $108,300 – $108,700

Take Profit 1: $109,400

Take Profit 2: $110,200

Take Profit 3: $111,000

Stop Loss: $107,800

Market Outlook:

BTC remains under broader bearish momentum after losing $111,500, but $108K is acting as a strong floor. A short-term bounce is likely, yet failure to hold $108K could open the way to $106K–$105K levels. Bulls must reclaim $111K to reverse bearish sentiment.

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