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kinglhr
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It will not cross 400 because strong resistence on 197
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See my returns and portfolio breakdown. Follow for investment tips
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🚨 $BTC /USDT TECHNICAL ANALYSIS – BEARISH PRESSURE MOUNTING! 🚨 📉 Current Price: $106,031.29 📊 Market Bias: Bearish 🔻 🕒 Timeframe: 15m / 1h / 4h / 1D --- 📌 Key Technical Indicators: EMA 7: 106,161.47 EMA 25: 106,156.89 EMA 99: 105,786.16 MACD: -47.85 ❗ (Momentum weakening) RSI(6): 34.62 (Approaching oversold) --- 🧱 Support Levels: $105,640 🔻 $104,964 🛑 (24h Low / Strong support zone) 🔺 Resistance Levels: $106,488 ⛔ (24h High / Key rejection area) $106,533 🚧 (Intraday resistance) --- 💥 Trade Setup – SHORT Position: Entry: $106,100 - $106,300 Take Profit 1 (TP1): $105,650 Take Profit 2 (TP2): $105,000 Stop Loss (SL): $106,600 🧠 Reasoning: Price struggling to hold above short-term EMAs. MACD turning sharply negative. RSI indicates potential for further dip. --- 🛡️ Risk Management: Risk 1-2% per trade. Always honor your SL to protect capital. Don't chase—let the setup come to you. 💼 🔥 STAY SHARP. BE DISCIPLINED. 🔥 #BTC #CryptoTrading #BearishSetup #MarketPullback #BigTechStablecoin #SouthKoreaCryptoPolicy #CircleIPO #TrumpVsMusk $BTC BTC 105,679.89 +0.07%
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Must focus on support and resistance to invest in any coin
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