$BTC USDT - Short Sell Signal 🔴

Rejected from the supply zone at $118.8k

Failed to hold above the $118.2k level

The BTCUSDT pair was rejected from the resistance area at $118,800 after multiple rejections from the wicks and reaching lower highs. The price has now broken below the $118,200-$118,050 level, indicating a potential return of demand.

📉 Current Price Action:

Bitcoin is trading at $118,042, with bearish candles appearing below the mid-range zone. Sellers dominate the market after failing to maintain momentum from the upper range.

🛠 Trading Setup

• Entry Point: 118,050 - 118,200

• Stop Loss: 118,837

• Take Profit:

– TP1: 117,733

– TP2: 117,480

• Margin: 2-3% of the portfolio

Leverage: 10x

📊 Market Outlook:

Bitcoin shows signs of weakness in the short term. If it cannot reclaim $118,200, a decline to $117,500-$117,400 is expected.

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