🚨 $BTC /USDT – Temporary Downtrend Setup
Current Price: 118,066 USDT
24H High: 120,063 USDT
24H Low: 117,211 USDT
24H Volume: 17,150 BTC | 2.04B USDT
🔻 Market View:
Bitcoin is showing signs of short-term weakness after testing the 120,000 resistance zone. Price is retracing with lower highs on the intraday chart, indicating a temporary downtrend phase.
📉 Key Levels:
Immediate Resistance: 119,659 – 120,063 USDT
Support Zone: 117,200 – 117,500 USDT
Breakdown Point: Below 117,200 could open more downside towards 115,700 USDT.
Outlook:
Short-term traders can monitor for a potential bounce near 117,200, but caution is advised until BTC reclaims above 119,500.
Trend: Bearish in the short term.