$BTC /USDT BEARISH PRESSURE EMERGES AS PRICE TESTS KEY SUPPORT ZONE!

Market Explanation:

$BTC/USDT is showing weakness, currently trading at $122,462.93 (-1.34%), after failing to sustain above the $123,500 resistance. The price is approaching the $120,500–$121,000 support zone, and short-term indicators like EMA and MACD suggest a growing bearish momentum. Sellers are gradually taking control, and a break below $120,500 could trigger further downside.

Trade Setup:

Entry (Short): $122,450

Targets (TP): $121,000 / $120,000 / $118,500

Stop Loss (SL): $123,500

Market Outlook:

Overall, BTC is in a cautious bearish phase. Traders should watch for either a strong bounce from the $120,500 support or a breakdown below it to confirm the next leg down. A rebound above $123,500 would signal a potential short-term recovery.

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