$BTC /USDT BEARISH PRESSURE BUILDING AFTER REJECTION FROM 117K

Bitcoin failed to hold above $117,000 and is showing selling pressure near resistance. Price has slipped below $116,700 and is testing the $116,400 zone. If bulls cannot reclaim $116,700 quickly, the market risks further downside toward key supports.

Trade Setup:

Entry (Short): $116,600 – $116,900

Take Profits: $116,000 / $115,500 / $114,800

Stop Loss: $117,600

Market Outlook:

BTC is currently struggling to maintain momentum after a sharp rally. A failure to bounce back above $116,700 could invite more sellers, increasing the likelihood of a deeper pullback. Only a strong reclaim of $117,200 would shift the bias back to bullish.

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