$BTC /USDT — BEARS STILL IN CONTROL, RECOVERY WEAK
BTC/USDT slipped toward the $116,800 support before a mild bounce, but sellers quickly stepped in again. The recovery attempt is struggling, signaling that bearish momentum is still dominant in the short term. Until buyers push above $118,000 with strong volume, downside risk remains.
Trade Setup (Short-Term)
Entry Zone: $117,200 – $117,500
Take Profit 1: $118,000
Take Profit 2: $118,600
Stop Loss: $116,700
Market Outlook:
If $116,800 holds, short-term relief toward $118,000+ is possible. However, failure to defend this support could accelerate a drop toward $116,200. Bulls must reclaim $118,000 to shift momentum.