$BTC USD PERPETUAL – BEARISH OUTLOOK

Bitcoin is trading at $115,357 (-0.81%), sliding lower after rejection near the $118,000 resistance zone. Price is now pressing toward the $115,000 key support, which will be the deciding level for the next move. A breakdown below this zone could trigger a deeper fall, while a bounce may provide a short-term recovery opportunity.

🔑 Key Levels:

Resistance: $117,500 – $118,000

Support: $115,000 – $114,500

🎯 Trade Setup (Short Position):

Entry: $115,300 – $115,600

Targets:

T1: $115,000

T2: $114,750

T3: $114,500

Stop Loss (SL): Above $117,000

⚠️ Risk Management: Market is showing weakness; use tight SLs and manage risk carefully. Never risk more than 1–2% of capital per trade.

👉 Bulls need to reclaim $117,500+ with strong momentum to invalidate the bearish setup and retest $118,800. Until then, sellers dominate. 🚨

Would you like me to also frame this into a bullish reversal trade plan so you have both long and short scenarios ready?

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