Bitcoin Pauses at Key Level — What’s Next?
BTC/USDT is currently hovering around $117,850 after failing to hold above $118,200 resistance. The 5-minute candlestick chart shows a clear rejection from the top, with lower highs forming and bearish candles taking over. If the price stays below $118,000, short pressure may continue. However, if BTC breaks back above $118,100 with volume, bulls could regain control.
📉 Trade Setup (Short Bias)
• Entry: $117,950 – $118,050
• Stop Loss: Above $118,200
• Target 1: $117,700
• Target 2: $117,500
• Final Target: $117,250
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