$BTC /USDT short tread single 🔴 🚦
based on the data provided:
$BTC /USDT
DROPPED FROM $108K AFTER STRONG REJECTION
KEY SUPPORT AT $102,600 HOLDING SO FAR
HIGH VOLUME INDICATES CAPITULATION OR BUY ZONE
Bitcoin is trading at $103,886, down -4.18%, after falling from the $108,450 high. The price bounced slightly from a daily low of $102,664, with significant 24h volume (~26,123 BTC, ~$2.77B USDT), suggesting aggressive profit-taking or panic-selling — possibly forming a local bottom.
📈 Trade Setup: LONG (High-risk, high-reward bounce trade)
Entry: $103,000 – $104,000
Target 1: $106,000
Target 2: $108,000
Stop-loss: $101,800
🔭 Market Outlook: Cautiously bullish if $102,600 support holds. A strong bounce could target $106K+ again. However, any break below $102K may lead to deeper correction toward $99K–$100K. Watch macro news and BTC dominance closely.
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buy and trade here on $BTC