šØ #DUMP
$BTC /USDT ā BEARS TAKE CONTROL AS $116K BREAKS DOWN
Bitcoin is showing a sharp red candle on the 4H chart, confirming strong bearish pressure as price drops below $116,700 support. The 24h high of $118,792 now looks far, and BTC is hovering near the 24h low of $115,796.
š Market Insights:
⢠Previous support at $116,700 has turned into resistance.
⢠Volume is surging, confirming aggressive sell-side momentum.
⢠If $115,500 breaks, next major support lies near $114,700 ā a key zone to watch.
⢠The structure shows lower highs ā a bearish continuation unless buyers reclaim $117,500 soon.
š Trade Signal ā Short Setup:
⢠Entry Zone: $116,300 ā $116,600
⢠TP1: $115,200
⢠TP2: $114,400
⢠SL: $117,500
š Outlook:
BTC must reclaim and hold above $117,000 to regain short-term bullish structure. Until then, sellers are likely to dominate. Watch price action near $115K for bounce or breakdown confirmation.