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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.

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A breakdown below this zone could trigger sharp selling pressure toward 112,000–111,000 next.

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Key Levels:

Resistance: 119,500–120,000
Support: 116,000 (critical), then 112,000

Trend: Bearish bias unless bulls defend support with strength

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If this zone breaks with volume, altcoins may face heavy dump. Stay cautious!

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