$BTC /USDT – BEARS TRYING TO BLOCK THE MOVE
#Bitcoin is trading around $118,331 after testing the $118,484 resistance. Price is struggling to close strongly above this level, signaling that bears are actively defending it. If buyers fail to break through, we could see a short-term pullback toward support.
Trade Setup:
Entry (Short): 118,200 – 118,400
Targets (TP):
TP1: 118,000
TP2: 117,700
TP3: 117,200
Stop Loss (SL): 118,700
Market Outlook:
BTC is consolidating near its resistance zone. Bulls need a clear breakout above 118,500 for continuation; otherwise, bears may drag the price back into the 117k zone. Volatility is picking up — expect sharp moves in either direction.