🚨 $BTC /USDT – Exhaustion Kicking In, Bears Eyeing Control! 🔻
Current Price: $117,439 (–0.36%)
Bitcoin is losing steam! After multiple failed attempts to break above the $118.2K resistance zone, price action is now printing lower highs and weakening bullish candles — a clear sign of bearish pressure building up.
📉 Short Trade Setup:
• Entry Zone: $117,300 – $117,550
• Target 1 (TP1): $116,600
• Target 2 (TP2): $116,000 ✅
• Stop Loss (SL): $118,400
⚡ Technical View:
Momentum divergence + resistance rejection on the 1H chart indicate potential short-term correction. Volume is fading near highs, confirming weakness.
🛡 Risk Note:
SL above $118.4K protects against a sudden breakout — always trade with discipline and risk control.
🔄 Strategy Breakdown:
Setup is based on repeated resistance rejections and loss of bullish momentum. We're entering on a bounce toward resistance for a clean short with solid downside targets.
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