🔍 Technical analysis (1H): $BTC /#USDT

1. Current trend:

• Clear bearish, with weak retracements.

• Rejections in the EMA25 and EMA99 zone confirm selling pressure.

2. Supports and resistances:

• Recent support: 116.788.

• Key resistance: 118.300 – 118.500.

3. Volume:

• Low, with no accumulation signal.

• Recent bearish candle with moderate volume confirms selling dominance.

4. MACD:

• Negative, with DIF below DEA and histogram opening.

• Bearish bias continues.

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✅ Conclusion:

• The bearish trend continues to prevail. A new test of the 116.800 support may come. The strong rejection in the EMA zone leaves open a short opportunity.