Current Price: $117,439 (-0.36%)
Timeframe: 1H Chart
#Bitcoin is showing signs of exhaustion after being rejected near $118.2K multiple times. With lower highs and weakening bullish momentum, a potential downturn is looming.
📉 Short Trade Setup:
- Entry Zone: $117,600 – $117,800
- Target 1: $116,600
- Target 2: $115,500
- Target 3: $114,300
- Stop Loss: $118,400
💡 Key Insight: Watch for a rejection candle near $117.8K to confirm a strong short entry. Manage risk carefully and stay alert – bearish momentum could strike anytime
