$BTC /USDT – BEARISH PRESSURE BUILDS BELOW KEY RESISTANCE
Bitcoin is showing weakness after failing to hold above $117,550, with sellers stepping in near the intraday recovery highs. The recent bounce from $116,804 has lost momentum, and price is now struggling to reclaim the $117,380–$117,550 resistance zone. A breakdown below $116,800 could open the way for deeper losses toward $116,300 and $115,850.
Trade Setup – Short Position
Entry: $117,350 – $117,500 near resistance
Targets: $116,800, $116,300, $115,850
Stop Loss: $117,950
Failure to reclaim $117,550 keeps the short-term outlook bearish, with downside momentum favored if selling pressure increases.