$BTC /USDT – Short-Term Bearish Pressure
Bitcoin was rejected near $117,990, with resistance between $117,934 – $117,589 acting as a strong supply zone. Price has dropped below short-term support at $117,238, indicating potential downside continuation.
Key Levels:
Resistance: $117,934 – $117,589
Support: $115,936, then $115,500
Current Bias: Bearish momentum with sellers in control
Market Outlook:
Failure to break above key resistance has shifted momentum toward the $115,500 support area. A confirmed breakdown below this level could open the way for deeper declines. 📉
