š $BTC/USDT ā Bearish Setup Below Key Resistance
$BTC is currently trading around 117,050 after a strong upside move. However, the price is now approaching a critical resistance zone near 118,000 ā 119,000, where sellers previously stepped in. The RSI on the 4H chart is showing signs of bearish divergence, and volume is beginning to fade ā both signals suggesting a potential pullback.
If $BTC fails to break and hold above the resistance, a short setup becomes increasingly favorable.
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š» SHORT Entry Zone:
117,000 ā 117,500
šÆ Take Profit Targets (TP):
1. 115,200
2. 113,800
3. 111,500
4. 109,700
5. 107,000
ā Stop-Loss (SL):
119,300
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š Technical Indicators:
RSI divergence forming on 4H
Price near major resistance zone
Weakening bullish volume
Watch for confirmation via bearish candle close
āļø Note: If $BTC breaks above 119,500 with strong volume, this short setup becomes invalid.
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