$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.
