$BTC /USDT – Big Dump in Action! 📉
#Bitcoin is under heavy selling pressure, currently trading at $107,505 (-1.64%). After failing to hold above $109K, the market broke down, forming a series of bearish candles on the 4H chart. This confirms strong resistance near $109,500 – $110,000, where sellers stepped in aggressively.
🔑 Key Levels
Resistance: $109,500 – $110,000
Support: $107,000 (immediate), $105,800 (major)
📊 Market Structure
BTC rejected from recent highs near $109,378 and is now testing the lower boundary around $107,000. If this level fails, momentum could extend towards $105K. Volume has picked up on the downside, showing panic selling and liquidation pressure.
🎯 Trade Setup
Entry (Short): $108,000 – $108,500 retest zone
TP1: $107,000
TP2: $106,200
TP3: $105,000
SL: Above $110,200
⚡ Pro Tip
Watch for a bounce at $107K – if bulls defend it strongly, we may see a recovery. But if the candle closes below $107K on high volume, expect continuation towards $105K.
🚀 Stay sharp, traders – BTC volatility is back!
