$BTC /USDT — SHARP BEARISH DUMP TOWARDS SUPPORT ZONES
Bitcoin has broken down aggressively from the 121K–122K consolidation, with a strong bearish candle pushing price towards the 117,632 low. EMA(7) and EMA(25) are steeply angled down, signaling strong selling pressure and lack of recovery momentum. Unless BTC quickly reclaims the 121K level, sellers remain firmly in control.
Trade Setup (Short):
Entry Zone: 119,200 – 119,800
Take Profit 1: 118,000
Take Profit 2: 117,300
Stop Loss: 121,300
Market Outlook:
BTC is in a clear intraday downtrend with EMAs aligned for continued downside. A failure to hold above 118K could trigger further sell-offs toward deeper support. Caution for long positions until a strong reversal signal appears.
#BTC #BearishTrend #cryptotrading #PriceAction #Binance
buy and trade here on $BTC