BTCUSD Analysis – Potential Reversal Zone and Bearish SetupBTCUSD is currently trading near the 108,000 level and showing signs of a short-term downtrend. Price action suggests a possible minor upward retracement toward the 110,000 resistance area. This level aligns with previous price reactions and may act as a potential supply zone.
If BTCUSD approaches the 110,000 region and fails to break above it convincingly, it could present a bearish opportunity, with potential downside targets at:
107,000 (minor support)
106,000 (structural level)
104,500 (major support and potential trend continuation target)
A clear break above 110,500 would invalidate this scenario, suggesting a shift in market momentum.
Note: This analysis is for educational purposes only and does not constitute financial advice. Always manage risk according to your trading plan.
