$BTC /USDT TECHNICAL ANALYSIS

🚨 BEARS IN CONTROL – BTC SHOWING WEAKNESS BELOW KEY RESISTANCE 🚨

Bitcoin is facing selling pressure after failing to hold above the 97K supply zone. Price is currently trading near 95,500, indicating a short-term bearish continuation as sellers defend the upper levels aggressively. The rejection from the recent high suggests a pullback or consolidation phase before any strong recovery attempt.

Immediate Market Move (Explanation):

BTC has formed a lower high on the intraday timeframe and is trading below short-term resistance. Volume is declining on upward moves, which confirms weak bullish momentum. If price fails to reclaim the 96,800–97,200 zone, bears may push it towards lower demand areas.

📉 Trade Setup (Short Position)

Entry (Short): 95,800 – 96,200

Targets (TP):

TP1: 94,800

TP2: 93,900

TP3: 92,800

Stop Loss (SL): 97,300

(Risk management is crucial; adjust position size accordingly.)

🔍 Short Market Outlook

Overall market sentiment remains cautious. BTC is likely to stay under pressure unless it breaks and holds above 97K with strong volume. Until then, expect volatility with a bearish bias in the short term, while the higher timeframe trend remains neutral to mildly bullish.

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