BTCUSD Short Idea: Bearish Rejection at Former SupportBitcoin / US DollarBINANCE:BTCUSDhammad69918Hello fellow traders, This is a technical analysis of a potential short setup on the BTCUSD 15-minute timeframe. Analysis: The chart shows that after a notable downward trend, the price of Bitcoin has been consolidating in a tight range. We are currently observing a retest of the key horizontal level around $110,425. This level previously acted as support, and the current price action suggests it may be flipping into a new resistance level. The expectation is for the price to be rejected from this resistance and continue the prevailing bearish trend. Trade Setup: Based on the short position tool placed on the chart, the parameters for this trade idea are as follows: Entry: Approximately $110,423.09 Stop Loss: $112,626.92 (This is placed above the recent consolidation high, providing a buffer against volatility). Take Profit: $103,822.05 (This targets a lower price point, potentially a new swing low). This setup presents a clear risk-to-reward profile. Disclaimer: This is a trading idea for educational and discussion purposes only. It does not constitute financial advice. Please conduct your own research and manage your risk appropriately before making any trading decisions.