$BTC: Bearish Momentum Intensifying?

$BTC is under heavy selling pressure after rejecting the $118,575 high, posting a -2.43% daily loss. The 1H chart reveals sharp red candles and lower highs, signaling bears in control with potential for further downside. Price has dipped to $115,163.90, and on-chain data suggests distribution.

Trade Setup (Short)

• Entry Zone: $115,200 – $115,400

• Stop Loss: Above $116,000

• TP1: $115,000

• TP2: $114,000

• TP3: $113,000 (extended target)

Market Insight:

24h volume surged to 11.365k BTC on the drop, indicating strong seller dominance. If $BTC breaks below $115,000, acceleration lower is likely. Analysts warn of corrections to $77,000—monitor the next 1H candle closely amid choppy sentiment.

Buy and Trade $BTC here👇🏻