📝 BTC/USDT Technical Analysis – Is a Rebound Coming?$BTC

📉 Bitcoin is currently trading around $99,386, after a significant drop from the recent high of $111,980, approaching a key support zone.

🔍 Chart Highlights:

🔺 Previous peak at $111,980 (distribution zone).

🔻 Bearish break below the $105,609 support area.

📊 Price is testing the range between $99,000 - $98,500, which could act as a short-term demand zone.

📌 Average Entry Price shown on chart: $108,782.59

📈 Next Scenario (Based on SMC & Price Action):

If price holds above $98,500, we may see a bullish reaction toward $103,000 or higher.

A clean break below could send BTC toward $89,000, a historically strong support.

📌 Trade Idea:

💡 Watch closely for bullish confirmation (e.g., bullish engulfing candle or reversal pattern) to consider a short-term long position from current support.

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📢 What's Your Outlook?

Do you expect a rebound or further downside toward $89,000?

Drop your thoughts in the comments! 👇🔥

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