$BTC /USDT BEARISH DIVERGENCE IN ACTION — PRESSURE BUILDING BELOW $106K!
$BTC is currently trading at $106,029.07, down -1.42% on the day. The 15-minute chart shows a strong rejection from the $108,800–$109,200 resistance zone, followed by a sharp decline that has brought price close to the 24h low of $105,804.87. Momentum is fading, and bears are gaining ground with a lower high structure forming.
Trade Setup:
Entry (Short): $106,300 – $107,200
Targets: $104,800 / $103,600 / $102,000
Stop Loss: $108,900
Why Short?
BTC broke below short-term support and is now testing a key zone around $106K. Failure to reclaim $107K could lead to a deeper correction. Volume is increasing on red candles, suggesting active distribution.
Risk Management Tip:
Always manage position size on BTC — volatility can spike during macro news or liquidations. Use trailing stops if price hits first target.
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