$BTC / USDT – BEARS BACK IN CONTROL AFTER $108K REJECTION 📉
Bitcoin is down -2.62% today, falling to $105,212 after facing a strong rejection near $108,450. The daily candle has closed below the 7-day and 25-day moving averages, confirming short-term bearish momentum. A key support test at $103,500 is underway.
📉 Technical Snapshot:
Price: $105,212.95
24H High: $108,450 | 24H Low: $102,664
MA(7): $107,336 (broken)
MA(25): $106,852 (lost support)
MA(99): $93,829 (long-term support)
Volume: 29,100 BTC
📊 Trade Strategy (Short-Term Bearish Bias):
• Entry: $105,200 – $106,000
• TP1: $103,550
• TP2: $102,000
• SL: $108,200
A break below $103,500 could trigger further downside toward $98,900. Bulls need to reclaim $107K quickly to shift momentum.
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