$BTC - Downward Movement Collapse
The price of $BTC is losing a key structural support and is now trading below the psychological level of $100,000, indicating increasing downward pressure. The clear rejection of the resistance level at $102,789.50 confirms sellers' control. The price is currently forming a continuous downward pattern and is likely to target lower Fibonacci levels and liquidity areas.
🔻 Trading Setup (Short Idea):
• Entry Area: $98,223 - $99,000
• Take Profit 1: $96,000
• Take Profit 2: $94,923.25
• Take Profit 3: $93,400
• Stop Loss: $102,789.50
⚠️ The downward trend remains in place unless the Bitcoin price recovers to $102,800 with strong trading volume. Sellers currently dominate trading momentum - watch for increased volatility near $97,000.
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