$BTC /USDT BEARISH SETUP š» | BITCOIN SHOWS WEAK MOMENTUM
š Current Price: $110,527
š 24h Change: -1.87%
š Technical Overview:
Bitcoin is currently trading below key moving averages ā MA(7) = 110,284 and MA(25) = 110,890, indicating short-term bearish pressure. The recent rejection from the 113,600 zone confirms strong resistance and potential continuation to the downside.
āļø Key Levels:
Resistance: $111,400 ā $113,000
Support: $109,200 ā $108,500
If BTC breaks below $109,200, further downside toward $107,800ā$106,500 is likely.
š„ Trade Setup (Short Entry):
Entry: $110,400 ā $110,600
Take Profit (TP):
šÆ TP1: $109,200
šÆ TP2: $107,800
šÆ TP3: $106,500
Stop Loss (SL): $111,600
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