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#DUMP $BTC /USDT – BEARS TAKE CONTROL AS $116K BREAKS DOWN
Bitcoin is showing a sharp red candle on the 4H chart, confirming strong bearish pressure as price drops below $116,700 support. The 24h high of $118,792 now looks far, and BTC is hovering near the 24h low of $115,796.
🔍 Market Insights:
• Previous support at $116,700 has turned into resistance.
• Volume is surging, confirming aggressive sell-side momentum.
• If $115,500 breaks, next major support lies near $114,700 – a key zone to watch.
• The structure shows lower highs — a bearish continuation unless buyers reclaim $117,500 soon.
📉 Trade Signal – Short Setup:
• Entry Zone: $116,300 – $116,600
• TP1: $115,200
• TP2: $114,400
• SL: $117,500
📊 Outlook:
BTC must reclaim and hold above $117,000 to regain short-term bullish structure. Until then, sellers are likely to dominate. Watch price action near $115K for bounce or breakdown confirmation.
$BTC