$BTC /USDT — BEARS TIGHTEN GRIP AS SUPPORT GETS RETESTED

Bitcoin continues to face heavy selling pressure after failing to hold above the $120K psychological level. Price action has now formed a temporary base near $117,180, but momentum remains on the downside as short-term moving averages slope lower. Any bounce here could be met with strong resistance from $118,400–$120,000.

Trade Setup (Short Bias)

Entry Zone: $118,200 – $118,800

Take Profit 1: $117,200

Take Profit 2: $116,500

Stop Loss: $120,200

Market Outlook:

The hourly structure remains bearish, with sellers dominating over 85% of the order book. If $117,180 breaks decisively, we could see an accelerated drop toward $115K. Bulls need a strong reclaim of $120K to shift momentum.

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