$BTC /USDT – BEARS TAKE CONTROL AS BITCOIN FACES SHARP SELLING PRESSURE BELOW $123K!
Bitcoin is showing renewed weakness after failing to sustain above the $125,000 resistance zone. The price has dropped to around $122,931 (-1.12%), with indicators suggesting a continuation of the short-term bearish trend. The 4H EMA and MA show downside crossover, while MACD remains in negative territory and SAR dots are above the candles — confirming seller dominance. If Bitcoin breaks below $120,500, we could see further decline toward the $118,000–$117,200 zone.
🔹Trade Setup:
Entry (Short): $122,800 – $123,200
Take-Profit (TP):
TP1: $121,000
TP2: $119,000
TP3: $117,200
Stop-Loss (SL): $125,400 (above resistance & EMA zone)
📉 Market Outlook:
BTC is entering a correction phase after an extended rally. Short-term momentum favors sellers, but strong buying interest may appear near the $118K–$120K range. A decisive close below $120K would confirm extended downside, while a rebound above $125K could shift bias back to bullish.
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