Bitcoin Enters Correction – Key Resistance and Downtrend in Play

🌍 Market Overview:
Bitcoin is undergoing a correction phase after forming a one-month high, following the inauguration of President Trump. Currently, BTC is trading below the 104.xxx - 105.xxx resistance zone, a critical level in the H4 structure, where significant trading volume has accumulated.

🔹 104.xxx - 105.xxx: The Psychological Level
This level has served as a key benchmark for many investors over the past month, helping to shape the next directional move of BTC. With the monthly close below this zone, the market is signaling a potential pullback towards the 90.xxx support area.

📉 Macro Trends & Market Sentiment:

Bitcoin remains in a downward trend, trading within a sideways range (SW) with bearish momentum
A potential retracement towards key Fibonacci levels before resuming the downtrend
Global Risk-Off Sentiment: Crypto & U.S. equities are experiencing heavy losses due to Trump's tariff policies, raising concerns of an escalating trade war
Gold as a Safe Haven: With uncertainty in financial markets, gold continues to break new all-time highs (ATH) while risk assets like BTC & stocks face increased selling pressure
⚡️ Trading Plan – CMF SimpleTrade

📊 Bearish BTC Strategy – Sell Setup
With BTC facing downward pressure and the broader market in risk-off mode, a short position remains the preferred strategy.

🔻 Sell Zone: 101.900 - 102.100
❌ Stop Loss (SL): 102.800
🎯 Take Profit (TP) Levels:

TP1: 98.600
TP2: 95.800
TP3: 92.250
TP4: 90.450

⚠️ Key Considerations:
BTC’s structure remains weak unless it reclaims 104.xxx - 105.xxx
Global market uncertainty could drive investors away from risk assets
Stay disciplined with TP/SL and avoid emotional trading in volatile conditions
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💬 Will Bitcoin continue its correction, or can bulls reclaim key resistance?
👉 Drop your thoughts in the comments and stay updated! 🚀