$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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