🚨 $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.

$BTC