$BTC /USDT – Relief Bounce or Trap?

Bitcoin has bounced from the key support near $112,000, currently trading around $112,955. While this uptick looks promising, the overall structure remains bearish unless it reclaims $114,000+. Watch for rejection signs near $113,500–114,000, where strong resistance lies.

Trade Setup (SHORT-biased until breakout):

• Entry: $112,900 – $113,500

• Stop Loss: $114,300

• Target 1: $112,000

• Target 2: $111,200

• Target 3: $109,800

If BTC closes strong above $114,000 with volume, we may shift to a LONG setup. But for now, it's a bounce within a downtrend — stay cautious.

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