📉 Pair $BTC /USDT - Bearish Predictions, Achieving the First Target
As expected, the price of $BTC has dropped to $115,450, successfully achieving the first take profit (TP1) level at $116,200. The rejection of the supply zone between $119,900 and $118,350 confirms the weakness in momentum, driven by ongoing declines in market sentiment and macroeconomic uncertainty.
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📉 Short Entry Zone:
$119,900 - $118,350 (Confirmed Rejection Zone)
🎯 Take Profit Targets (TP):
1. ✅ $116,200 (Target Price)
2. $114,300
3. $112,500
4. $110,800
5. $108,700
🛑 Stop Loss (SL):
$120,600 (Above the wick and previous structure)
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📊 Technical Notes:
Bearish divergence on the Relative Strength Index (RSI) is still active.
The breakdown from $118,350 has been confirmed with a strong bearish candle.
Trading volume supports the continuation of the decline.
The next main support is at $114,300.
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📝 Note: The trend remains bearish unless the price of Bitcoin ($BTC ) regains its value of $118,350 with trading volume. Closely monitor trading continuity or rebounds near TP2 levels.
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