BTCUSD Short: Bearish Rotation Expected Toward 107,700

[bonk]

Hello, traders! The prior market structure for BTCUSD shows a clear downward trend, structured between a strong supply zone around the 114,000 level and a demand zone near 104,000. Price action continues to respect these boundaries, forming a broad horizontal range after multiple breakouts and retests.

Currently, the market is trading near the upper boundary of the range, where the price has once again tested the supply zone and the descending supply line. Each of these levels has historically acted as strong resistance, producing several pivot points and rejections in recent sessions. After the latest retest of this area, BTCUSD is showing signs of renewed selling pressure. The inability to break above the supply level suggests that sellers are still dominating the market, and the structure remains bearish.

My scenario assumes a continuation of the downward movement within the range. In my opinion, the next likely development is a rotation from the 109,500–110,000 area down to the 107,700 pivot point, and potentially toward the lower demand line near 104,000 if bearish momentum accelerates. Manage your risk!

[Nahid10]

BTCUSD momentum looks exhausted near resistance; short setups toward 107,700 seem reasonable.

[EmTeam]

If the 109K zone fails to hold, bears could regain short-term control before the next liquidity sweep.