$BTC /USDT – BEARISH TRIPLE TOP SIGNAL INDICATES STRONG SELL PRESSURE AHEAD!
$BTC /USDT pair is showing a clear Triple Top pattern, a classic bearish reversal signal. After testing resistance around 116,000 three times, bulls failed to break higher, indicating exhaustion in buying momentum. The market has started pulling back, suggesting a potential downtrend may be underway.
📌 Key Technical Levels:
Resistance Zones:
Major Resistance: 116,000
Secondary Resistance: 114,000
Minor Resistance: 112,000
Support Zones:
Immediate Support: 108,000
Key Support: 102,000
Strong Support: 96,000, 92,000
Current Price Area: ~103,000–104,000 range (approx, based on price cluster around 101,000–104,000).
📉 Trade Setup: SHORT ENTRY
Entry: Around 104,000–105,000
Target 1 (TP1): 102,000
Target 2 (TP2): 96,000
Target 3 (TP3): 92,000
Stop Loss (SL): 108,000
🧠 Market Outlook:
The bearish triple top indicates a shift in sentiment. Unless buyers push price above 116,000 with strong volume, downside pressure is likely to continue. Watch for breakdowns below support zones to confirm further bearish momentum.
📊 Risk Management:
Use proper position sizing (1-2% of portfolio per trade), and always set stop-loss. Avoid overleveraging and adjust targets as per market volatility.
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