$BTC /USDT TECHNICAL ANALYSIS – BINANCE UPDATE
Status: BEARISH SHORT-TERM SETUP
Current Price: $104,624.80
24H Range: $103,371.02 – $107,771.34
24H Change: -1.46%
Volume (USDT): 1.85B
Volume (BTC): 17,511.43
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🔻 Market Outlook:
$BTC /USDT is showing signs of short-term weakness, trading below the psychological $105,000 level. A lower high structure and fading bullish momentum suggest potential for further downside.
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📉 Bearish Trade Setup:
🔹 Entry Zone: $104,800 – $105,200
🔸 Take Profit Targets:
T1: $103,000
T2: $101,500
T3: $99,000
🛑 Stop Loss: $106,400
📌 Key Resistance Level: $107,000
📌 Key Support Zone: $103,000
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📊 Technical Summary:
The pair is forming a descending pattern on the lower timeframes with reduced volume near recent highs. Failure to hold above $105K could lead to a drop towards the $101K–$99K zone. Price action below $103K may accelerate selling.
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⚠️ Note: Wait for confirmation of rejection near the entry zone before executing. Use proper risk management and watch BTC dominance and macroeconomic triggers.