BTCUSDT.P (Bitcoin perpetual contract) based on your strategy: sell now at 106,100 with stop loss 109,100, target1 105,000, target2 103,000.
Bitcoin (BTCUSDT.P): Bearish Trade Setup for October 2025
Market Overview
- Current Price: Bitcoin trades around $106,400–$106,800 as of October 19, 2025.
- Recent Trend: BTC hit an all-time high of $126,200 earlier this month but has dropped back to 3-month lows, losing roughly 8% for October and over 5% in the last week.
- Macro Factors: Market sentiment is risk-averse due to global financial instability, Fed intervention, and renewed US-China trade tensions. These factors have led to heavy liquidations and a defensive stance among traders.
Technical Setup
- Bearish bias: Price failed to hold above $110,000 despite significant spot ETF inflows—the drop confirms near-term weakness.
- Key support levels: $106,000–$105,000 is a critical zone; breaking below this area could accelerate selling to $103,000, where major accumulation demand sits.
- Stop Loss: $109,100, above the last notable resistance and short-term swing high, logical for protecting against reversals.
- Targets: $105,000 is the first support level, while $103,000 is the next deep support, both well-defined by recent price action and volume profiles.
Opinion & Trade Plan
- Sell now at $106,100.
- Stop Loss: $109,100 — well above recent resistance.
- Target 1: $105,000 — test first strong support.
- Target 2: $103,000 — deeper support if selloff continues.
Trade Table
| Entry | Stop Loss | Target 1 | Target 2 | Sentiment |
|---|---|---|---|---|
| 106,100 | 109,100 | 105,000 | 103,000 | Bearish |
Market Context
- Unless significant bullish news emerges, the technical and macro setups favor further downside.
- If price breaks above $109,100, reconsider the bearish scenario—trend momentum may flip with renewed ETF or institutional inflows.
Summary:
A short position in BTCUSDT.P at 106,100 with stop loss at 109,100 and targets at 105,000 and 103,000 is a technically and fundamentally justified trade for October 2025, based on recent bearish momentum, key support levels, and global sentiment.
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