$BTC /USDT BEARS TIGHTEN GRIP AS PRICE STRUGGLES NEAR $109K
Bitcoin is currently trading at $109,483, showing signs of weakness after repeated failures to reclaim the $110,500–111,700 resistance zone. The short-term moving averages (MA7 and MA25) remain flat but lean bearish, while the MA99 at $109,742 is acting as resistance. If BTC breaks below $108,950–108,620, further downside pressure toward $108,000 could follow.
Trade Setup:
Short Entry: 109,400 – 109,600
Take Profit (TP): 108,950 / 108,600 / 108,000
Stop Loss (SL): 110,200
Market Outlook:
BTC remains in a consolidation phase but with a bearish tilt. Only a breakout above $110,500 would shift momentum back in favor of the bulls.
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