$BTC /USDT – BEARISH MOMENTUM BUILDING ⬇️⚠️
STRUGGLING TO HOLD SUPPORT 📉
INCREASED SELLING PRESSURE DETECTED 💣
Bitcoin is currently trading at $106,826 (-1.94%), showing signs of weakness as it fails to hold above the key intraday resistance of $108,550. Sellers are dominating, pushing price closer to key support.
🔍 Key Levels:
🔻 Resistance: $108,550 – $109,220
🛡️ Support: $106,400 – $106,000
📉 Trade Setup – SHORT ENTRY:
🔹 Entry: $107,200 – $106,800
🎯 Targets:
— TP1: $106,000
— TP2: $104,800
— TP3: $103,500
⛔ Stop Loss: $108,600
📊 Indicators like MACD are crossing down, and Bollinger Bands show price hugging the lower band — confirming bearish bias.
⚠️ Risk Management:
Always risk 1–2% of your capital per trade. Stick to your stop-loss and manage position size carefully. Let the trend work for you, not against you!