$BTC /USDT TECHNICAL ANALYSIS – BEARISH NEAR-TERM

Current Price: 113,600.82 USDT

24h High / Low: 115,875.84 / 112,566.01 USDT

Volume: BTC – 18,292.54 / USDT – 2.08B

🔑 Key Levels

Resistance:

114,047.56 USDT (short-term resistance)

115,875.84 USDT (daily high)

Support:

113,505.68 USDT (immediate support)

113,401.00 USDT (stronger support zone)

112,566.01 USDT (24h low)

Observation: BTC is struggling below the 114k resistance, indicating short-term selling pressure. Price hovering near 113,600 suggests bearish momentum could continue if 113,505–113,401 support fails.

📉 Trade Setup – Short (Bearish Bias)

Entry: 113,600–113,650 USDT

Target 1 (TP1): 113,505 USDT

Target 2 (TP2): 113,401 USDT

Stop Loss (SL): 114,050 USDT

Risk/Reward:

Approx. 1:2 risk/reward ratio

Reduce position size if volatility spikes near daily high

⚡ Summary

BTC is showing short-term bearish pressure. A break below 113,401 may open further downside toward 112,500–112,000. Rejection from 114k–114,050 could strengthen the short trade.

I can also create a visual chart with resistance, support, and trade levels for clarity if you want. Do you want me to make that?

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