$BTC USDT – Rejection Near Resistance, Bearish Setup Building ⚠️
$BTC faced rejection near the $106,500 resistance zone, failing to maintain its breakout. The price action shows multiple lower highs with a strong supply zone overhead. If momentum doesn't return, BTC could revisit lower demand levels, especially below $105,000.
📉 Trade Setup (Short Idea):
• Entry Zone: $105,400 – $105,600
• Take Profit 1 (TP1): $104,200
• Take Profit 2 (TP2): $102,415
• Take Profit 3 (TP3): $100,800
• Stop Loss (SL): $107,200
A break below $105,000 could accelerate the drop. Short-term bearish unless BTC reclaims $106,500 with strong volume.