$WBTC /USDT BEARS STILL DICTATE TREND – RECOVERY FACES HEAVY RESISTANCE

$WBTC/USDT is trading at 109,266, struggling to sustain momentum after a recent bounce from the 107,449 low. The price remains below all major moving averages (MA7 at 110,156, MA25 at 114,704, and MA99 at 111,643), signaling that bearish pressure is still dominant. Unless bulls push the price back above 111,000–112,000, the downside bias is likely to continue.

Trade Setup:

🔻 Short Entry: 109,500 – 110,000

🎯 Target (TP): 107,500

🛑 Stop Loss (SL): 111,500

Market Outlook:

The market structure remains weak as lower highs continue to form. A drop below 107,000 could accelerate selling toward 105,000, while a strong daily close above 112,000 would be the first sign of a bullish reversal attempt.

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