$BTC BITCOIN 📉 BITCOIN (BTC) CRITICAL UPDATE | BEARISH MOMENTUM 📉
Market Update — January 17, 2026
Bitcoin is showing signs of a major rejection at the $105,000 psychological resistance. A "Double Top" pattern is forming on the daily chart, and the RSI is in the overbought zone. Expect a healthy correction toward the major support levels!
📊 Market Snapshot:
• Current Trend: Bearish Reversal
• Major Resistance: $104,500 – $106,000
• Critical Support: $98,200 (Breakdown Zone)
• Volume: 20% Increase in selling volume
💡 Trading Strategy:
🎯 Target 1: $95,400
🎯 Target 2: $91,800
🎯 Target 3: $88,500
🛑 Stop Loss: $108,200
🔥 Market Warning:
Large whale transfers to exchanges have been spotted, suggesting a potential sell-off. If BTC fails to reclaim $102,000, we could see a rapid move toward the $90K range!
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⚠️ Disclaimer: Educational purposes only. Not financial advice. Always manage your risk and DYOR. #BTC #Bitcoin #CryptoMarket #BinanceSquare #Bearish #TradingSignals #Crypto2026 #DYOR #ShortSignal #BitcoinCrash
