$BTC /USDT – Downtrend Pressure Active! Short Trade Setup
Current Price: $115,563
Today’s Drop: –2.82%
24h Range: $114,723 – $119,395
Volume: 37,095 BTC | $4.31B USDT
Why Bitcoin Looks Weak Now
Bitcoin failed to hold above $119K and has dropped steadily. After hitting a recent low at $114,908, price is trying to recover but still shows signs of weakness. Sellers are active and the trend is pointing down on lower timeframes.
Key Price Zones to Watch
Support levels: $114,900 and $114,500
Resistance zones: $116,050 and $116,780
Trade Strategy for Spot and Futures
Short Entry Zone: $115,600 – $115,800
Stop Loss: Above $116,100
Target 1: $114,900
Target 2: $114,400
Target 3: $113,800
Summary
Bitcoin is under selling pressure after rejecting the $119K level. If it stays below $116K, more downside is possible. Short setups may perform well if momentum continues. Monitor volume and candle patterns before entering.