$BTC USDT – REJECTION FROM $118.3K ZONE, SHORT SETUP NEAR RESISTANCE

STRUGGLING TO HOLD ABOVE EMAS

LOWER HIGHS FORMING ON 15M CHART

$BTC faced strong resistance at $118,277 and failed to break higher, forming a sharp rejection wick. Price is now hovering below the 99 EMA and struggling to reclaim key short-term moving averages. Bears may gain momentum if price stays below $118,000.

Short Trade Setup:

Entry: $117,950 – $118,050

Stop Loss: Above $118,300

Target 1: $117,680

Target 2: $117,250

Failure to reclaim the 99 EMA suggests weakness. Momentum favors sellers unless $BTC reclaims $118.3K with volume.

#BTCUSDT #Bitcoin #CryptoAnalysis #BinanceFutures #ShortTradeSetup