$BTC /USDT Short Trade Signal Breakdown in Progress
Bitcoin failed to hold above the $119,600 resistance, forming a clear rejection candle on the 1H chart. Momentum has shifted in favor of the bears, with price falling below a key demand zone opening the door for further downside.
๐ Short Setup:
Entry: $118,800 โ $118,500
๐ฏ Targets:
โข T1: $117,800
โข T2: $117,200
โข T3: $116,200
๐ก๏ธ Stop Loss: $119,700
Leverage: 10x
Risk Allocation: 2โ3% of wallet
Market View:
Bitcoin is seeing intraday weakness after rejection from local highs. If selling volume holds, expect continuation toward previous support levels.