$BTC USDT BEARS EYE KEY SUPPORT – SELL PRESSURE BUILDS BELOW 119K

Bitcoin has pulled back from the $122,335 peak, breaking below the MA7 and struggling to hold above $119K. Sellers are maintaining control, and with price hovering just above the $118,050 support, a breakdown could trigger a deeper drop. Momentum remains weak as short-term moving averages slope downward.

Trade Setup:

Entry (Short): $118,500 – $118,900

Take Profit 1: $118,050

Take Profit 2: $117,300

Stop Loss: $119,650

Market Outlook:

The current price action suggests bears are pressing for another leg down. A decisive break under $118,050 may open the door to $117K, while recovery above $119,650 could bring short-term relief for bulls.

#BTC #CryptoTrading #BearishTrend #PriceAction #Binance

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