$BTC /USDT – BEARS TESTING CRUCIAL SUPPORT
Bitcoin is showing weakness after failing to sustain above 119,600 and is now retesting the 119,300 support zone. A clean break below this level could open the way for further downside towards 118,800 and possibly the recent 24h low near 118,200. Bulls must defend this zone aggressively to avoid deeper correction.
Trade Setup (Short Bias):
Entry: 119,350 – 119,450
TP1: 118,800
TP2: 118,200
SL: 119,750
Market Outlook:
Momentum is currently favoring sellers on the 15m chart, with lower highs forming and volatility increasing. If the 118,800 level holds, we could see a short-term bounce — but any upside is likely to face resistance near 119,600.
