$BTC /USDT – Short Trade Setup

Current Price: 116,911.00

Resistance Level: 117,317 – 117,944

Support Level: 116,506

Entry Zone: 116,900 – 117,100

Take Profits:

TP1: 116,500

TP2: 116,050

TP3: 115,600

Stop Loss: Above 117,950

Analysis:

BTC recently tested 117,944 but faced selling pressure, forming a rejection wick and pulling back toward 116,500 support. If price fails to reclaim 117,300 with strong volume, short-term bearish momentum could push it toward the next support levels. Watch for a clean break below 116,500 for confirmation of further downside.