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BTC/USD Resistance Rejection + Bearish Structure Forming

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Bitcoin has reached a strong resistance zone near $107,500–$108,500, showing signs of rejection. Based on the 2H chart, price has formed a bearish pattern after a sharp rally, suggesting a potential short opportunity.

📊 Technical Confluence:

Resistance zone holding firm

Bearish engulfing candle at top

Overbought conditions + potential reversal

Price breaking back below local support

🔽 Target Zones:

1st Target: $102,500 – $102,600

Final Target (Strong Support Zone): $98,500 – $99,500


🕒 Watch for confirmation on lower timeframes before entry. Risk management is key.
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