$BTC – BEARISH RETEST NEAR KEY RESISTANCE, SELLERS LIKELY TO RECLAIM CONTROL

After a brief recovery from $106,300, $BTC has faced rejection near the $110,200 resistance level, signaling potential exhaustion in the bounce. The structure continues to form lower highs and lower lows, maintaining a clear downtrend from the $116,400 peak. Volume has started to fade on the recent green candles, showing a lack of conviction from buyers. If price slips back below $108,500, it could open the door for another leg down toward $106,000 or even $104,800. Until a strong breakout above $111,200 occurs with momentum, the overall bias remains bearish and rallies are likely to be sold into.

Targets:

TP1: $108,000

TP2: $106,000

Stop Loss:

$111,400

#BTC #BearishSetup #CryptoAnalysis #BinanceFutures

BTC

97,182.69

-6.32%