š» $BTC / USDT Weak Rebound, Bears Regaining Control
Bitcoin faced rejection at the $120K mark once more and is now hovering around $118.3K with momentum fading. The formation of lower highs and declining volume signals that sellers may be gearing up for another drop.
š Short Trade Setup
ā¢ Entry Zone: $118,600 ā $119,200
ā¢ Take Profit 1: $117,200
ā¢ Take Profit 2: $115,800
ā¢ Stop Loss: $120,300
š Key Levels
ā¢ Resistance: $120,000
ā¢ Support: $117,200
ā ļø Trend Outlook
Price structure is weakening ā a break below $117.2K could lead to a swift decline toward $115K. No strong bullish signs yet, short positions remain the more favorable play.
