BTC/USD Technical Outlook – Potential Bearish Continuation Below

BTC/USD Technical Outlook – Potential Bearish Continuation Below Resistance 📉🧊

Chart Overview:
The chart illustrates a clear bearish rejection from a major resistance zone (⚠️ 110,000–111,000 USD), followed by the emergence of a bearish engulfing candle 🔻 marked in orange. This move suggests selling pressure has returned after a short-term bullish rally.

Key Zones & Levels:

🔵 Resistance Zone: 110,000–111,000 USD
Price was rejected from this region with a strong bearish reaction.

🟣 Mid-level Support: 105,531 USD
Currently acting as an interim level — if broken, it may lead to deeper declines.

🔵 Support Zone: 100,500–101,500 USD
This is the next strong demand area — price previously rebounded strongly from here.

Technical Signals:

✅ Double Top Structure formation at the resistance zone, indicating trend exhaustion.
❌ Bearish Engulfing Candle near resistance, confirming reversal strength.
📉 Downward Momentum Arrow suggests possible continuation toward support.
🔻 Lower Highs Formation reinforces bearish sentiment after failed breakout attempts.

Projection 🎯:

If the price closes below 105,531, a bearish continuation is likely, targeting the support zone at 101,000–100,500.
Conversely, a strong bounce above this level could delay the drop, but upside is capped below 110,000 unless a breakout occurs.

Summary:
🧭 Bias: Bearish below 105,531
📍 Targets:

Immediate: 105,531 (key level)

Bearish Target: 101,000

Invalidated if: price reclaims and closes above 110,000 with strength

📊 Trader's Note: Look for confirmation of breakdown with volume or candle close before short entry. Set tight risk management due to volatility.