$BTC /USDT — BEARISH BREAKDOWN BELOW KEY SUPPORT
Bitcoin has just sliced through a major intraday support zone, triggering a strong bearish momentum. The breakdown from the highlighted consolidation area signals sellers gaining full control, with downside targets now in focus. Any attempt to reclaim the broken level may face heavy resistance, making short positions favorable in the current setup.
Trade Setup (Short):
Entry: 118,200 – 118,300
Take Profit 1: 118,000
Take Profit 2: 117,500
Take Profit 3: 117,100
Stop Loss: 118,650
Market Outlook:
Momentum has shifted sharply to the downside on the 15M timeframe, breaking a prolonged sideways range. As long as price remains below the broken support, short-term sentiment stays bearish. Watch for further sell pressure if volume continues to rise on red candles.
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