$BTC USDT – BEARISH REVERSAL IN PLAY! MOMENTUM WEAKENS BELOW RESISTANCE
LOWER HIGHS FORMING NEAR $118,200
MACD SHOWS DEEPENING BEARISH MOMENTUM
$BTC faced rejection at $118,200 and is now showing clear signs of weakness with multiple red candles forming on the 1H timeframe. Price is struggling to hold above the $117,748 level, with increasing bearish pressure near resistance zones.
The MACD histogram remains below zero with a widening gap between DIF and DEA, signaling a sustained bearish trend. If price breaks below $117,088 support, further downside could accelerate.
SHORT Trade Setup (1H):
Entry: $117,750
Target 1: $117,320
Target 2: $116,600
Stop Loss: $118,200
Momentum favors sellers. A break below $117,088 could open the door for deeper correction.
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