$BTC /USDT – Short Trade Setup
BTC is trading at $117,252 (-0.95%) after failing to hold above the $118,165–$118,715 resistance zone. Price action shows repeated rejections near intraday highs, indicating seller dominance in the short term.
Trade Setup (Short):
Entry: $117,250 – $117,400
Take Profit 1: $116,800
Take Profit 2: $116,400
Take Profit 3: $116,000
Stop Loss: $117,800
Market Insight: If BTC breaks and holds below $117,155, it could accelerate the move toward $116,000 support. High volatility is likely, so maintaining tight risk management is essential.