$BTC /USDT BEARISH BREAKDOWN – RELIEF BOUNCE AFTER SHARP DROP!
$BTC is currently trading at $104,249.62 (+0.32%), after a sharp intraday rejection from the $105,935 high. The chart shows a steep drop with strong red momentum candles, followed by a small green bounce near $104,000 — suggesting temporary relief but not a confirmed reversal yet.
Why Short Bias?
The aggressive sell-off from $105,900+ with no higher lows on the way down shows seller dominance. The recent green candle is a classic lower timeframe bounce from intraday oversold levels, but the lower highs and consistent downward pressure indicate the trend remains bearish unless $104,800–$105,000 is reclaimed.
Market Outlook:
If BTC fails to flip $105K, another leg lower toward the $103,500 and $102,800 support zones is likely. Bulls must show volume and reclaim $105,200 to signal strength. For now, this is a short-term dead cat bounce setup.
Risk Management Tip:
Avoid chasing candles. Use a stop loss just above $105K for short entries. Trade with trend confirmation and keep risk-reward in check during high volatility sessions.
Sell smart — don’t chase green candles when the trend is turning red!