$BTC
USDT – CONSOLIDATION OR BREAKDOWN? CRUCIAL ZONE AHEAD!
LOWER HIGHS ARE PRESSURING BULLS
SHORT-TERM SUPPORT AT $119,200 TESTED
Bitcoin is showing signs of weakness on the 15-minute chart after a steady downtrend from the $122,000+ zone. The recent bounce from $119,202 lacked strong momentum, indicating indecision. Bulls are attempting to hold ground, but lower highs suggest increasing selling pressure.
TRADE SETUP
Direction: Short
Entry: $119,820
Targets (TP): $119,000 → $118,300
Stop Loss (SL): $120,405
If BTC loses the $119,200 level decisively, expect further downside. Caution advised until a clear reversal structure forms.
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