BTC Short Entry Analysis & Key Targets**
**Current Position:**
- **Entry:** Short at $116,000
- **Strategy:** Bearish retracement play after rejection at resistance.
**Key Downside Targets:**
1. **$113,000** – Immediate support (previous swing low, minor liquidity zone).
2. **$110,500** – Mid-term target (0.382 Fib retracement + orderbook liquidity).
3. **$108,500** – Strong support (0.618 Fib, HTF demand zone).
**Rationale:**
- Price rejected at $116K (resistance confluence: weekly high + psychological level).
- RSI divergence on 4H suggests weakening bullish momentum.
- BTC likely to test lower liquidity pools before potential reversal.
**Risk Management:**
- **Stop Loss:** $117,200 (above recent swing high).
- **Partial Profit Takes:** Scale out at each target.
**Market Context:**
- Monitor macro cues (Fed policy, ETF flows).
- Watch for sudden buy-side liquidity spikes.
**Final Note:**
This is a tactical short; adjust if BTC reclaims $116.5K with
volume. Trade safe!
*Binance Trader*
(Format: Concise, actionable, and risk-aware for quick reading.)*