$BTC /USDT is already in a small downtrend, but right now the key area to watch is around $117,500 – $117,000.
If price breaks below $117,000 with high volume, it could quickly slide toward $115,500 – $114,800.
If $117,000 holds, we might just see a sideways recovery instead of a bigger dump.
The next few hours will mostly depend on whether buyers defend that $117k support or not.