BTC/USDT: Short Signal – Rejection at Key Level!
Current Price: $104,000
After failing to break the $109,000 resistance, BTC is showing signs of exhaustion, paving the way for a short-term pullback.
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Short Setup
📉 Short Entry: $104,000–$105,000
🎯 Targets:
1️⃣ $102,000 (initial support)
2️⃣ $99,500 (key psychological level)
3️⃣ $96,000 (potential bottom for the pullback)
🔒 Stop Loss: $107,000 (above recent high)
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Why Short Now?
Rejection at Resistance: BTC failed to sustain above $109,000, signaling bearish control.
Momentum Shift: Indicators like RSI are trending lower, confirming reduced buying pressure.
Market Sentiment: Profit-taking at current levels could amplify the pullback.
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Pro Strategy
Keep an eye on volume. If BTC approaches $99,500 with strong selling pressure, the drop could extend further.
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