#MarketPullback 🚨 Bitcoin Alert: Bears are definitely in the drivers seat! 📉💥
BTC is seeing bearish pressure after exiting the $105.6K zone. Currently, price sits near $103.4K, if price breaks below this level could see retest of $102.3K and potentially lower. Momentum is certainly with the bears 🐻.
*Key Levels:*
- *Support:* 🟢 $103,400 (immediate), 🟢 $102,345 (daily low and key level)
- *Resistance:* 🔴 $104,800 (short-term), 🔴 $105,700 (rejection zone)
*Trade Setup:*
- *Entry:* $103,500 - $103,700
- *Targets:* 🎯 $102,800, 🎯 $102,350, 🎯 $101,500
- *Stop Loss:* $104,850
*Risk Mangement:*
- Risk 1-2% per trade only
- Move SL (stop loss) to entry after TP1
- Do not overtrade in volatile ranges
The US national debt crisis may also impact market sentiment, contributing to the bearish sentiment. Watch the key support levels and adjust the price accordingly. 📊 #USNationalDebt #MarketPullback #SwingTradingStrategy #IsraelIranConflict #DAOBaseAIBinanceTGE