$BTC $BTC/USDT - Short Setup
Entry Zone: $119,900 - $118,350
Take Profit Targets:
* $117,000
* $115,500
* $113,800
* $112,000
Stop Loss: $120,600
Technical Analysis:
The price is currently testing a strong resistance area near $119K, the daily high.
Recent price action has shown strong momentum but weak momentum on the short-term charts.
The presence of long-tailed candles at the peaks suggests potential selling pressure.
A break above the $118,350 area will support a bearish scenario toward the next support levels.
#BTC #USFedNewChair #ETH4500Next? #USFedBTCReserve #USFedBTCReserve $BNB $XRP
