$BTC /USDT Short Trade Setup
Current Price: $111,705
Key Resistance: $113,470
Major Support: $107,350
Entry Zone: $112,800 – $113,400 (near resistance rejection)
Target 1: $110,000
Target 2: $108,500
Target 3: $107,350
Stop Loss: $114,200
Analysis
BTC is approaching strong resistance at $113,470 where rejection has occurred before. The chart suggests a possible liquidity grab above $113K followed by a sell-off. If bears regain control, downside targets include $110K and $107K.
Bias: Bearish below $113,470