$BTC USDT short trade signal 🛑 🚦
BEARS REGAIN CONTROL AFTER FAILED BREAKOUT!
Bitcoin has faced strong rejection near the $120,200 zone, confirming heavy supply pressure at higher levels. Price has now slipped back below intraday support, signaling a potential extended bearish leg as sellers tighten their grip. A decisive move below $119,500 could open the door for deeper declines toward the next demand zone.
Trade Setup (Short):
Entry Zone: 119,670 – 119,590
Target 1: 118,800
Target 2: 118,586
Stop Loss: 120,190
Market Outlook:
Momentum is leaning bearish with repeated rejections at overhead resistance and increased selling volume. A sustained break below $119,200 could accelerate downside pressure, while bulls need to reclaim $120K+ with conviction to reverse the short-term trend.
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