$BTCUSDT BEARS HOLD THE LINE – MARKET SHOWS WEAKNESS BELOW RESISTANCE!

Immediate Market Move:

Bitcoin ($BTCUSDT) is currently facing clear resistance near the $112,400-$113,900 zone, with the price struggling to break higher and forming lower highs on shorter timeframes. Despite a temporary bounce to $111,173.07 (+0.05%), the -2.18% daily drop and bearish pressure on volume suggest a potential downside continuation if support at $110,600 fails.

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🔻 Trade Setup: SHORT Entry

Entry Zone: $111,600 – $111,200

Take Profit (TP): $110,000 / $108,500

Stop Loss (SL): $113,000

Risk-reward favors bears here, with sellers defending recent highs and buyers showing exhaustion.

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🧭 Market Outlook:

Short-term sentiment leans bearish unless BTC can reclaim and hold above $113,000. Break below $110,600 support could trigger a sharper drop. However, macro trend remains bullish over longer timeframes, with a 74.51% gain YoY keeping long-term bulls in the game.

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