š» $BTC
USDT BEARISH MOVE INCOMING ā STRONG REJECTION SIGNALS DOWNSIDE POTENTIAL
Bitcoin is facing strong rejection from the key resistance zone near $110,225 ā $110,257, failing to break and close above it. Currently, price is trading at $109,626, showing weakness after multiple attempts to reclaim the upper supply zone.
Key Levels:
Resistance: $110,225 ā $110,257
Support: $107,090 ā $107,071
Trade Setup (Short):
Entry Zone: $109,800 ā $110,200
Take Profit: $107,100
Stop Loss: $110,530
Market Outlook:
BTC is struggling below the major resistance with bearish candle formations, indicating possible correction towards the next demand zone around $107,100. A break below $109,000 will accelerate this move.
Risk Management:
Trade with only 1-2% of your capital risked per position. Protect capital and ensure SL is placed as market volatility remains high.
š Comment š» if you are shorting BTC today!
#BTC #Bitcoin #CryptoAnalysis #ShortTrade #RiskManagement
buy and trade here on $BTC