💣 $BTC: $118K Rejection Spells Trouble!
$BTC failed at $118,741.77 resistance – bull exhaustion! Bearish divergence on 1H RSI. Breakdown below $117.8K targets $116.3K.
⚡ Trade Setup – Short Opportunity
Entry Zone: $118,000 – $118,200
Stop Loss: Above $118,800 (False breakout guard)
✅ TP1: $117,000
✅ TP2: $116,359.89 (24h low)
🎯 TP3: $115,000 (Liquidity vacuum)
🔍 Market Insight
Volume shrinking at highs – smart money hedging. Break below $117,500 confirms market-wide correction. ETF inflows slowing!