Bitcoin Short Trade Setup: Bearish Pressure Below $103,600
Bitcoin is facing stiff resistance near $103,966. After tapping an intraday high of $103,661, the price is showing signs of weakness and entering a consolidation phase. Volume remains steady at 104.09K, hinting at ongoing distribution.
š Updated Trade Plan
Entry Zone: ~$103,500
TP1: $103,150 (minor support zone)
TP2: $102,650 (major liquidity pocket)
Stop-Loss: Above $103,950
As long as BTC trades below $103,600, bearish momentum could dominate. A volume spike on the downside may trigger a sharp drop toward $102,650.
š§ Traderās Mindset
Precision Over Emotion: Wait for price confirmation before entering.
Protect Capital: Stick to stop-loss disciplineācapital preserved is profit earned.
Think in Probabilities: No setup is guaranteed. Play the odds, not emotions.
Adapt Quickly: If momentum shifts, donāt hesitate to exit or reverse bias.
ā Final Remark
This analysis is informational, not financial advice. Use it as guidanceābut make trade decisions you can own, based on your risk appetite.
āIn trading, your best edge is consistency, not prediction.ā