$BTC /USDT BEARISH PULLBACK – STRUGGLING BELOW RESISTANCE!

$BTC /USDT is currently under heavy selling pressure, trading at $116,781.39 (-4.90%) after failing to hold above $123K. This signals a short-term correction phase, as momentum weakens and volume spikes.

KEY LEVELS TO WATCH

Support Zones:

$116,250 – Immediate support

$113,000 – Stronger demand zone

Resistance Levels:

$120,000 – Minor resistance

$124,000 – Key breakout level

Current Price: $116,781.39

TRADE SETUP – SHORT ENTRY

Entry Zone: $117,500 – $119,000

Targets:

TP1: $114,500

TP2: $111,000

TP3: $108,000

❌ Stop Loss: $121,000

RISK MANAGEMENT TIP

Risk 1%–1.5% only. Set tight SL and scale out profits as BTC nears key supports. Watch for reversal signs around $113K–$111K before considering any longs.

#BTCUSDT #BearishSetup #BitcoinAnalysis #MarketCorrection #Write2Earn! $BTC