$BTC ⚡💥 BTC/USDT Market Update💥

Bitcoin is trading at $114,895 (-2.87%), showing sharp downside momentum after failing to hold above $118,575 resistance. The 1H chart highlights heavy selling pressure, with price dipping close to the 24h low of $114,878. Parabolic SAR is above price at 115,915, signaling continuation of the bearish trend.

Volume spikes confirm strong distribution, and the MA(5) is crossing below MA(10), suggesting more short-term weakness. If BTC fails to hold $114,800 support, next downside targets could be around $113,900–$113,200. On the upside, recovery requires reclaiming $116,300 first.

🔻 Bias: Bearish near term, cautious buying only above 116k.

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