$BTC
BEARISH ANALYSIS: PRESSURE BUILDS BELOW KEY LEVELS 🚨📉
Bitcoin is showing clear bearish momentum as it trades at $108,958, down -0.58%. The price failed to sustain above the $110,000 psychological level, signaling weakness and potential downside continuation.
🔍 KEY LEVELS TO WATCH:
🔹 Resistance: $110,750 💥 | $110,250 | $110,000
🔹 Support: $109,000 🛡 | $108,700 | $108,500
🔻 Current Price: $108,958
With the price pushing below the $109,250-$109,000 support zone, bears are gaining control.
📉 TRADE SETUP – SHORT POSITION IDEA:
💣 Entry: $109,000 - $108,950
🎯 Targets:
• TP1: $108,500
• TP2: $108,000
• TP3: $107,500
🛑 Stop Loss: $110,300
⚠️ RISK MANAGEMENT:
Never risk more than 1-2% of your capital per trade. Adjust your position size wisely, and always follow your stop-loss strategy! 🚨📊
📛 Stay alert traders – momentum is leaning bearish. Watch those support levels carefully! 🔍📉
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