$BTC USDT – DOUBLE TOP FORMING? BEARS TEST CONTROL BELOW $118K
REJECTION NEAR $118.4K
WEAKENING BULLISH MOMENTUM ON 1H CHART
Bitcoin is showing early signs of a bearish reversal after rejecting the $118,371 level twice within hours — a classic sign of exhaustion. Price has now slipped below minor support at $118,100, suggesting bulls are losing strength.
With lower highs forming and volume tapering off, $BTC could revisit $117,420 and potentially $116,800 if momentum continues.
Short Entry: $118,000
Target 1 (TP): $117,420
Target 2 (TP): $116,750
Stop Loss (SL): $118,500
Watch for a strong hourly close below $117,760 to confirm further downside. Be cautious near volatility spikes.
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