$BTC USDT – MOMENTUM STALLS NEAR 118.3K, WATCH FOR REVERSAL OR BREAKOUT
Bitcoin approached the 118,300 resistance but struggled to break higher. A small rejection candle is forming, showing signs of short-term exhaustion after a clean upward move from the 117,880 support.
Trade Setup (Short Bias with Confirmation):
• Entry Zone: 118,180 – 118,220
• Stop Loss: Above 118,350
• Target 1: 118,000
• Target 2: 117,880
• Final Target: 117,700
Analysis:
If BTC fails to reclaim 118.3K with strong volume, a rejection could trigger a minor correction. Wait for candle confirmation. Bulls need a decisive breakout to resume momentum.
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