$BTC USDT – LOWER HIGH FORMED! BEARISH SETUP ACTIVE

REJECTION FROM 117,950 RESISTANCE

EMA(7) TRADING BELOW EMA(25) AND EMA(99)

Bitcoin failed to reclaim the 117,950 resistance and is now forming a lower high on the 15-minute chart. The EMA structure remains bearish, with EMA(7) < EMA(25) < EMA(99), signaling sustained downward pressure.

Short Trade Setup:

Entry: 117,200

Target 1: 116,460

Target 2: 116,000

Stop Loss: 117,450

Momentum is fading, and buyers are struggling near key moving averages. Short positions may benefit from the next leg down.

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