š $BTC /USDT ā BEARS CONTINUE TO PRESSURE PRICE BELOW MAJOR RESISTANCE š
BTC/USDT is trading at 113,314 after a slight rebound from the recent low of 112,722. However, the price remains capped below MA(25) at 113,697 and MA(99) at 114,913, signaling that bearish momentum is still strong. Without a breakout above 114K, downside risk remains.
šÆ Trade Setup (Short):
Entry Zone: 113,300 ā 113,800
Take Profit 1: 112,700
Take Profit 2: 111,800
Stop Loss: 114,200
š Market Outlook:
The structure is still weak with lower highs and declining moving averages. A break below 112,700 could trigger further selling, while a push above 114K is required to signal short-term recovery.
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