🔥 $BTC /USDT Breakdown Watch – Will 118,247 Hold or Crack?
$BTC is battling near $118,640 with price sitting below all EMAs and volume spiking to $3.5B. A confirmed break below $118,247 could open floodgates to $116K and below.
📊 Trade Setup:
• Short Entry: 118,000 – 117,500
• Stop Loss: Above 119,153 (EMA 7)
• TP1: 116,000
• TP2: 114,500
• Risk Level: High – Breakdown scenario has volume + trend setup
💡 Pro Tip: Hidden bullish divergence is forming on daily RSI. If price reclaims 119,595 (EMA 25), flip bias to bullish and target 121,000.