$BTC /USDT BEARISH MOVE AHEAD! TECHNICAL ANALYSIS UPDATE

Current Price: $117,040

24h Change: -0.40%

KEY TECHNICAL LEVELS

Resistance Levels:

$118,400 (Strong resistance zone – rejected twice)

$118,200 (Recent 24h High)

Support Levels:

$116,600 (Critical short-term support)

$115,800 (Next major demand zone)

Price is currently hovering below key resistance, forming lower highs and showing signs of buyer exhaustion.

TRADE SETUP – SHORT POSITION

Entry: $117,000 - $117,200 (On weak bounce) Take Profits (TP):

TP1: $116,600

TP2: $115,800

TP3: $114,500 (Extended target if bearish momentum strengthens)

Stop Loss (SL): $118,400 (Above resistance wick)

RISK MANAGEMENT TIPS

Risk 1-2% per trade

Stick to your SL

Always wait for confirmation (candle rejection or bearish engulfing at entry)

SUMMARY:

Bearish pressure is increasing as BTC/USDT fails to break $118,400. Unless strong volume pushes above, sellers may dominate the next move. Short rallies. Stay sharp!

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