$BTC
USDT BEARISH REVERSAL – EXPECTING A PULLBACK SOON 🚨
Bitcoin is showing signs of a potential bearish reversal after touching strong resistance near 108,955. Price has formed a rejection candle, indicating sellers stepping in.
🔑 Key Levels:
Resistance: 108,955 (strong rejection zone)
Support: 108,000 – 107,900
Current Price: 108,500
💼 Trade Setup (Short):
Entry: 108,750 – 108,950
Targets (TP):
TP1: 108,200
TP2: 107,900
Stop Loss: 109,000
📉 Market Outlook:
After a sharp bullish move, BTC is facing rejection at resistance, suggesting a corrective pullback towards the previous demand zone before any further upside continuation.
⚠️ Risk Management:
Keep your position size small and risk only 1-2% of your capital per trade to protect against volatility.
buy and trade here on $BTC
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