Looking at the $BTC /USDT chart, the message is clear — sellers are in control. Bitcoin has dropped sharply below all its key moving averages, and those lines are now sloping downward, signaling a bearish trend.
That big red candle at the end seals the deal — it shows heavy selling pressure and a decisive move lower. From a trading perspective, this setup points toward a potential short opportunity, with a target around the previous support near $116,359.89. That’s a level where the price could pause or bounce, making it a logical area to take profits.
