$BTC – RESISTANCE REJECTION SIGNALS DOWNTREND
Bitcoin faced strong rejection at the $118,000–$120,000 resistance zone, confirming intense selling pressure. The structure remains bearish, with lower highs, lower lows, and impulsive drops paired with weak rallies—clear signs of downside momentum. Unless bulls break above $120,000 with strong volume, bears are likely to maintain control.
Trade Setup:
• Short Entry: Near $118,000–$120,000
• Targets: $106,000 – $104,000
• Stop Loss: Above $120,000
This phase reflects distribution, with sellers dominating the market. Traders should prepare for further downside unless a breakout invalidates this setup.