๐Ÿ“‰ $BTC/USDT โ€“ Bearish Setup Below Key Resistance

$BTC is currently trading around 117,050 after a strong upside move. However, the price is now approaching a critical resistance zone near 118,000 โ€“ 119,000, where sellers previously stepped in. The RSI on the 4H chart is showing signs of bearish divergence, and volume is beginning to fade โ€” both signals suggesting a potential pullback.

If $BTC fails to break and hold above the resistance, a short setup becomes increasingly favorable.

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๐Ÿ”ป SHORT Entry Zone:

117,000 โ€“ 117,500

๐ŸŽฏ Take Profit Targets (TP):

1. 115,200

2. 113,800

3. 111,500

4. 109,700

5. 107,000

โŒ Stop-Loss (SL):

119,300

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๐Ÿ”Ž Technical Indicators:

RSI divergence forming on 4H

Price near major resistance zone

Weakening bullish volume

Watch for confirmation via bearish candle close

โ›“๏ธ Note: If $BTC breaks above 119,500 with strong volume, this short setup becomes invalid.

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