📉 Bitcoin/US Dollar Pair ($BTC USDT) - Bearish Position Below Key Resistance Level
The Bitcoin pair is currently trading around the 117,050 level after a strong rise. However, the price is now approaching a critical resistance area near 118,000-119,000, where sellers previously entered. The Relative Strength Index (RSI) on the four-hour chart shows signs of bearish divergence, and trading volume has begun to fade - both suggesting a potential pullback.
If the Bitcoin pair fails to break through the resistance level and hold above it, the short-selling position will become more favorable.
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🔻 Sell Entry Zone:
117,000 - 117,500
🎯 Take Profit Targets (TP):
1. 115,200
2. 113,800
3. 111,500
4. 109,700
5. 107,000
❌ Stop Loss (SL):
119,300
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🔎 Technical Indicators:
Formation of RSI divergence on the four-hour timeframe
Price near a major resistance area
Weak bullish trading volume
Await confirmation through the closure of a bearish candle
⛓️ Note: If the Bitcoin price ($BTC ) exceeds 119,500 with strong trading volume, this sell setup becomes invalid.
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