$BTC /USDT BEARS IN CONTROL AS PRICE HOLDS NEAR CRITICAL SUPPORT ⚠️
BTC/USDT is trading at $115,154 (-2.61%), after sliding from the $118,500 high and testing support at $114,640. Short-term sentiment remains bearish with lower highs forming on the 15m chart. If price fails to reclaim $116,000, further downside pressure toward deeper supports looks likely.
Trade Setup:
Entry (Short): $115,200 – $115,800
Targets (TP): $114,600 / $113,800 / $112,900
Stop Loss (SL): $116,600
Market Outlook:
Bitcoin is consolidating near its lower range but still under heavy selling pressure. Bears dominate as long as BTC stays below $116,000. A recovery above this level could bring short-term relief, but failure to hold $114,600 may accelerate a bearish breakdown.
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