$BTC /USDT BEARS STILL IN CONTROL – MINOR BOUNCE BUT DOWNTREND REMAINS 🔴
Immediate Explanation:
BTC/USDT dropped sharply from the $114,600 zone to a low of $111,800 and is now attempting a small recovery around $112,800. However, the overall structure on the 15-minute chart shows lower highs and lower lows, indicating sellers are still dominant. Unless price reclaims $114,000+, the bounce may fade into another leg lower.
Trade Setup:
Short Entry: $112,800 – $113,000
Stop Loss: $114,000
Take Profit: $112,000 – $111,500 – $110,800
Short Market Outlook:
Momentum remains bearish in the short term with rallies likely to be sold. Only a strong break back above $114,000 would signal a potential trend reversal.
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buy and tried here on $BTC