$BTC /USDT BEARISH PRESSURE BUILDS – WATCH FOR DROP BELOW 118,800!
Bitcoin has lost short-term momentum after failing to hold above the 119,400 support, with price now sliding towards the MA(99) near 118,800. Sellers are showing control, and a breakdown below this zone could open the door for further downside in the near term.
Trade Setup:
Type: Short
Entry Zone: 119,000 – 118,900
Take Profit 1: 118,400
Take Profit 2: 117,900
Stop Loss: 119,500
Market Outlook:
The rejection from the 120,300 peak and the crossing of MA(7) below MA(25) point to increasing selling pressure. If bulls fail to defend the 118,800 level, BTC could see an accelerated sell-off towards deeper supports.
buy and trade here on $BTC