*📉 BTCUSDT Chart Update (4H)*
Bitcoin is forming a descending triangle with strong rejection from the trendline. It's now retesting the major support zone around 116,000–117,000 USDT.
⚠️ A breakdown below this zone could trigger sharp selling pressure toward 112,000–111,000 next.
📌 Key Levels:
Resistance: 119,500–120,000
Support: 116,000 (critical), then 112,000
Trend: Bearish bias unless bulls defend support with strength
🚨 If this zone breaks with volume, altcoins may face heavy dump. Stay cautious!
