$BTC /USDT short tread signal 🔴🚦
$BTC SHORT SETUP – SHARP REJECTION FROM $106.5K SWINGS PRICE BEARISH!
Bitcoin touched the $106,488 high but faced immediate rejection, forming a strong bearish engulfing pattern. Price is now trending below the hourly average line of $105,617, signaling a momentum shift from buyers to sellers. If $105,425 breaks, a deeper pullback becomes highly probable.
Trade Setup (SHORT):
Entry Price: $105,700 – $105,900
Target 1: $105,050
Target 2: $104,600
Target 3: $104,000
Stop Loss: $106,520
Why Short?
The rise to $106.5K faced aggressive sell pressure, forming multiple bearish candles with increasing volume. Price has now lost the hourly trend support and continues to hover near breakdown levels. Any hourly close below $105,425 may trigger further downside acceleration.
Risk Management Tip:
Use a tight SL above $106.5K. Consider scaling out profits at each target level. If price bounces to retest $106K, it could present another short opportunity before continuation.
Don’t let this breakdown fade — take action before support collapses!
Trade with the momentum — sellers are in charge now!
Sell and Trade here on $BTC
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