$BTC /USDT โ BEARISH PRESSURE BUILDING UP ๐ฅ๐ป
๐ Current Price: $106,960.76
๐งญ Trend Bias: Bearish (Price trading below all major MAs)
โฐ Timeframe: 4H
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๐ Key Technical Levels:
Resistance Zones:
๐บ $107,425 โ Minor resistance (MA7)
๐บ $107,780 โ Mid resistance (MA25)
๐บ $108,400โ109,200 โ Strong resistance cluster
Support Zones:
๐ป $106,600 โ Immediate support
๐ป $106,080 โ Crucial level to hold
๐ป $104,920 โ Major support / breakdown zone
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๐ Technical Indicators:
MACD: Bearish divergence + downward momentum
MAs: Price is below MA(7), MA(25), and MA(99) โ clear seller dominance
Volume: High volume on red candles โ indicating active selling
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๐จ Trade Setup โ SHORT ENTRY:
Entry: $107,000โ107,200
Stop Loss (SL): $109,250 (above recent high)
Take Profit (TP):
๐ฏ TP1: $106,080
๐ฏ TP2: $104,920
๐ฏ TP3: $102,500 (extended target if breakdown confirms)
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๐ก๏ธ Risk Management:
๐ Risk only 1โ2% of your capital
๐ Stick to a minimum R:R of 2:1
๐ Move SL to entry after TP1 hit
๐ฅ Patience and precision = profit. Donโt chase, plan the trade & trade the plan. ๐ผ๐
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