$BTC USDT – SHORT TRADE SIGNAL🔴
🟥 REJECTION FROM LOWER HIGH
📉 MAJOR SUPPLY BELOW $120K
Bitcoin is facing resistance near $119,300 after a failed attempt to reclaim the $120,000 zone. Price action has printed a lower high with rejection wicks, indicating exhaustion in bullish momentum. A clean rejection from this intraday supply zone sets up a short opportunity as price loses grip above $118,700.
Trade Setup:
• Entry Point: $118,600 – $118,800
• Stop Loss: $119,300
• Take Profit:
◦ TP1: $117,450
◦ TP2: $117,300
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
BTC remains in a short-term downtrend with potential for continuation to $117K if $118.5K fails to hold as support. Lower highs are reinforcing bearish structure.
