$WBTC /USDT – BEARISH MOMENTUM BUILDING BELOW KEY MOVING AVERAGES

Wrapped Bitcoin is trading at 118,848 USDT (-2.27%), staying under EMA(7) 118,894 and EMA(25) 118,898, signaling short-term weakness. Price also sits below the longer-term EMA(99) 119,852, reinforcing the bearish bias. The 24h low at 118,000 is acting as immediate support — a breakdown could push price toward deeper bearish targets.

🔹 Key Levels

Resistance: 119,340 – 119,470, strong at 119,850

Support: 118,316 – 118,000, then 117,500

Bearish Trigger: Break below 118,000 with volume confirmation

Trade Setup

Short Entry: 118,850 – 119,300

TP1: 118,300

TP2: 118,000

TP3: 117,500

SL: 119,900

Risk Management

Limit exposure to 1–2% of capital.

Move stop-loss to breakeven after TP1.

Watch Bitcoin spot price for confirmation before entering.

If you want, I can combine DCR + WBTC into one bearish market outlook since both are showing weakness. That way it’s a ready-to-post professional market update for your followers.

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