$BTC /USDT Key Support Retest Incoming?

After printing a double bottom pattern and surging past the 106,677.23 mark, $BTC faced a sharp rejection near recent resistance. Now, it's showing a steep pullback after failing to sustain bullish momentum.

Market Snapshot:

Major Resistance: 105,500 – 106,000

Support Zone: 102,000 – 103,000

Price recently attempted to reclaim lost ground but is currently getting rejected near resistance.

Previous swing highs at 111,360.56, 109,054.71 are key levels for bullish continuation.

Trade Setup (Short-Term Idea):

Entry: 105,000–105,500 (if price gets rejected again)

Target 1 (TP1): 103,000

Target 2 (TP2): 101,800

Stop Loss (SL): 106,200

If $BTC closes below the support zone, prepare for stronger downward continuation. But a bullish engulfing here could mean the bulls are not done yet.

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