$BTC /USDT BEARISH PULLBACK UNDERWAY — MARKET FACING STRONG RESISTANCE ZONE!
#Bitcoin is currently trading near $104,800 after facing rejection below the key resistance at $109,500, signaling a weakening bullish momentum. The price is sliding gradually and failing to reclaim support levels, indicating the potential for a deeper correction.
🔹 Trade Setup:
Short Entry: $105,500 – $106,500
Take Profit (TP): $103,000 / $101,500 / $100,000
Stop Loss (SL): $108,000
📉 Market Outlook:
BTC is showing signs of exhaustion after its rally, with repeated failures near the $109,000 mark. A clear breakdown below $104,000 could trigger another wave of selling pressure targeting the psychological $100,000 level. Watch for lower highs and bearish retests.
⚠️ Risk Management Tip:
Avoid oversized positions during this pullback and use tight stop losses above major resistance to protect capital.
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This is your moment — short the bounce and ride the breakdown!