$BTC /USDT BEARISH MOVE LIKELY AS SELL PRESSURE BUILDS NEAR RESISTANCE

Technical Analysis:

Current Price: $117,903

24h High: $118,499

24h Low: $117,277

Key Levels:

Resistance: $118,500 🔺

Support: $117,300 🔻

Major Support Zone: $116,800 - $117,000

Price is currently struggling below the resistance of $118,500, forming potential lower highs on lower timeframes, indicating weak bullish momentum and possible reversal.

Trade Setup (Short Position):

🔸 Entry: Around $118,000 - $118,200

Targets (TP):

TP1: $117,300

TP2: $116,800

TP3: $115,900

Stop Loss (SL): $118,650 (above resistance zone)

Risk Management:

Use 2-3% of your capital only. Stick to your SL and avoid over-leveraging. Risk-to-reward should be minimum 1:2.

Remember: Protection of capital comes first, profits follow!

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