Bitcoin Resistance Reckoning: Short play

### **📊 Technical Analysis – Micro Bitcoin Futures (MBT1!) – 1H Chart**
🚀 **Current Price:** **$106,145**
📉 **Short Setup Active:** **Sell Limit at $107,500**

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### **🔍 Key Observations & Market Structure**

1️⃣ **Resistance Cluster at $107,500 - $108,500**
- **Multiple previous rejections** from this zone suggest heavy sell-side pressure.
- **Liquidity sweep potential**: A brief spike above before a reversal is possible.
- **Volume Profile shows high supply here**, aligning with our short setup.

2️⃣ **Support Zones to Watch**
- **$106,000:** Psychological level, minor liquidity but vulnerable.
- **$104,000:** Stronger demand zone; volume profile suggests buyers here.
- **$102,500:** Key **high-volume node**, deeper support & likely take-profit zone.

3️⃣ **Momentum & Indicators**
- **RSI Bearish Divergence** → Momentum is weakening at resistance.
- **Bollinger Bands Overextended** → Upper band rejection confirms exhaustion.
- **Delta Volume** suggests sellers are stepping in **aggressively near $107K**.

4️⃣ **Breakdown Confirmation Level**
- **If $106,000 fails, we could see a quick flush to $104,000.**
- **Break below $104,000 = likely continuation to $102,500.**

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### **📈 Trade Plan Update & Risk/Reward**
**🔻 SHORT TRADE PLAN:**
- **Entry:** $107,500 (Active Sell Limit)
- **Stop Loss:** **$108,500** (Above liquidity sweep)
- **Take Profit 1:** **$104,000** (Support test)
- **Take Profit 2:** **$102,500** (Major support, max reward)
- **Risk-to-Reward:** **3.3:1**

✅ **Best Play:** Hold short entries, let price confirm a move below $106,000 for continuation.

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### **🔥 Final Verdict: Strong Short Bias 📉**
🔹 **Ideal rejection area for a short.**
🔹 **Bearish divergence + weak momentum confirm downside probability.**
🔹 **Break of $106,000 = Fast drop to $104K-$102.5K.**

🚨 **Plan is set—now let the trade execute!** 📊🔥