$BTC USDT short trade signal 🛑 🚦
SHORT SETUP — BEARS TESTING THE TOP RANGE, RETRACEMENT AHEAD! 🛑
Bitcoin is showing signs of exhaustion near the $120,000 resistance zone. Despite recent bullish attempts, momentum is fading and lower highs on shorter timeframes signal a potential retracement. If $119.5K fails to hold, we may see sellers step in aggressively.
🔻Trade Setup: (Short Trade Signal)
Entry Zone: $119,600 – $120,000
Take Profit 1: $118,300
Take Profit 2: $117,000
Stop Loss: $120,700
📉Market Outlook:
The structure remains range-bound with resistance near $120K capping further upside. Momentum divergence and selling pressure at highs hint at a potential correction toward the lower support band around $117K. Watch for breakdown confirmation below $119K.
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buy and trade here on $BTC