$BTC /USDT BEARISH ANALYSIS
Current Price: $116,281 (-1.10%)
Key Levels
Resistance 1: $118,475
Resistance 2: $120,638
Support 1: $114,640
Support 2: $114,150
Major Support: $112,800
Trade Setup (Short Position)
Entry (Short): $116,500 – $117,000
Take Profit 1 (TP1): $114,640
Take Profit 2 (TP2): $114,150
Take Profit 3 (TP3): $112,800
Stop Loss (SL): $118,800
Risk Management
Stick to 1–2% risk per trade, trail your stop-loss once TP1 hits, and avoid over-leveraging. Protect your capital first.
If $114,640 breaks, BTC could accelerate toward $112K lev
els. Bears are in control below $117K
