$BTC /USDT BEARISH MOMENTUM ALERT

Current Price: $117,849.29 2.98%

Key Levels:

Resistance (R1): $121,774 – MA(99)

Resistance (R2): $119,556 – MA(25)

Support (S1): $117,632 – Daily Low

Support (S2): $117,411 – Next crucial zone

Market Sentiment:

Bearish pressure is building as price trades below MA(25) and MA(7). Short-term moving averages suggest downward momentum continues.

Trade Setup (Short Opportunity):

Entry: $117,800 – Below key support

Target 1 (TP1): $117,411

Target 2 (TP2): $116,900 – extended bearish move

Stop Loss (SL): $119,000 – above MA(25) resistance

Risk Management:

Keep position size moderate, risk max 1–2% of capital per trade. Use trailing stop if price accelerates downward.

Summary:

$BTC/USDT shows bearish trend on short-term charts. Expect further downside if support at $117,632 breaks. Watch resistance at $119,556–$121,774 for potential retracements.

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