$BTC USDT – SHORT TRADE SIGNAL🔴
📉 Major Rejection at $119,240–$119,540 Resistance Zone
📌 Support Targeting $117,500–$116,800 Range
Bitcoin faces a sharp rejection from the heavy resistance block at $119,240–$119,540, confirming a double top structure. The price is now turning lower after failing to hold above this supply zone, indicating potential downside continuation.
🔍 Current Price Action:
BTC is trading near $118,750, printing lower highs and signaling selling pressure just below the key resistance. If momentum holds, it could drop toward the lower support area at $117,500 and possibly extend to $116,800.
🔻 Trade Setup
• Entry Point: $118,750–$118,800
• Stop Loss: $119,550
• Take Profit 1: $117,500
• Take Profit 2: $116,800
• Margin: 2–3% of wallet
• Leverage: 10x
📊 Market Outlook:
BTC is showing weakness after testing resistance with no breakout. Sellers are active and downside pressure could lead to another leg down toward the mid-range support zone.
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