Bitcoin (BTC) has recently surged past the $100,000 mark, trading around $103,000 as of May 9, 2025. This rally is attributed to renewed investor confidence, bolstered by a preliminary U.S.-U.K. trade agreement and positive sentiment in global markets.
However, with BTC approaching key resistance levels, some traders are considering short positions to capitalize on potential pullbacks. Here's a concise short trade setup based on current market conditions:
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📉 BTC Short Trade Setup: "Back to 100K" Narrative
Market Context
Current Price: Approximately $103,000
Recent High: $109,225 (January 2025)
Key Resistance Levels: $106,500 and $109,000
Key Support Levels: $100,000 and $93,780
Trade Plan
Entry Point: Consider entering a short position near the $106,500 resistance level, especially if there's a rejection or bearish candlestick pattern.
Stop Loss: Place a stop loss above $109,000 to protect against
