$BTC /USDT SHORT OPERATION CONFIGURATION STRONG BEARISH TREND AT PLAY 💯 🔥
Current Price: 118,931.56
Market Structure: The price has been trending down from the recent high of 122,335, consistently forming lower highs and lower lows. Selling pressure remains strong with resistance building near 120,000.
ENTRY LEVEL:
Enter short between 119,500 – 120,000 after a slight pullback towards resistance.
STOP LOSS:
Place the stop loss above 120,800 to protect against sudden bullish reversals.
TARGET POINTS:
• TP1: 118,000
• TP2: 116,500
• TP3: 115,000
TRADE ANALYSIS:
BTC has fallen below key intraday supports and shows a clear downward momentum. The rejection near 120,000 indicates that sellers are in control. If the price retests this area and fails to break upwards, it could lead to further declines towards deeper support levels. Observing bearish candle patterns in the entry area will help confirm the trade.
