$BTC USD BEARISH REVERSAL EXPECTED FROM SUPPLY ZONE 🔻
Price has retraced into a strong supply zone near 102,200 – 102,560 after a sharp recovery from recent lows. However, clear rejection wicks and bearish structure suggest bulls are losing steam. A short position from this resistance zone offers a high-probability setup targeting the recent demand zone below 98,000.
🔹Trade Setup:
Entry Zone: 102,000 – 102,200
Take Profit 1: 98,000
Take Profit 2: 97,650
Stop Loss: 102,560
Position Type: Short
📉 Market Outlook:
BTC is facing rejection from a previous support-turned-resistance. If this bearish structure confirms, further downside is expected toward the next demand area near 97,600. A break below 100,000 will likely accelerate bearish momentum.
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