😵💫🚨 Short Selling: Has $BTC Entered the True Breakdown Phase?
After two strong rejections at critical levels, BTC fails to maintain momentum and breaks a key support as the week opens!
The current movement shows a clear structural collapse on H4+ frames, indicating a likely continuation of the decline.
📌 Setting Up a Short Trade:
Entry Zone: 116800 – 117000
Stop Loss: 118000
Targets:
1️⃣ 114600 (0.786 Fib – Reached)
2️⃣ 112000 (Next Potential Target)
📉 Technical signals support the continuation of the decline – rejection at Fib resistance 0.618 will further reinforce the bearish narrative.
🚨 Weak momentum + Lack of demand = Clear Warning!
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