$BTC
/USDT – Bearish Continuation Setup
Bitcoin is currently trading around $113,230 (-2.58%) on the 15m chart, forming consistent descending channels. Each consolidation has been followed by further downside, showing strong seller control. Price is struggling to reclaim $115,000 and momentum indicators remain weak, suggesting further downward pressure.
Trade Setup (Short Entry)
Entry: $113,200 – $113,500
Target 1: $111,500
Target 2: $110,000
Target 3: $108,500
Stop-Loss: $115,000
Risk Management: Allocate only 3–5% of your portfolio per trade. Once Target 1 is hit, shift stop-loss to entry to secure capital.
Pro Tip: Watch the volume on breakdowns — strong red candles with high volume confirm continuation. Avoid rushing entries; let price retest before scaling in.