$BTC BEARISH BREAKDOWN AHEAD: SHORT ENTRY IN SIGHT
The recent rejection from the resistance near ₹118,879.14 and the consistent lower highs on the intraday charts indicate clear bearish momentum. Price is now hovering below key moving averages: MA(7), MA(25), and MA(99), confirming downward pressure. The 24H change of -3.24% further validates short-term weakness.
Volume remains elevated with 21,227 BTC traded, signaling strong participation on the downside. The price also broke below the short-term price protection level of ₹114,313.13, turning it into a fresh resistance.
ENTRY: SHORT BELOW ₹114,000
TARGET 1: ₹112,200
TARGET 2: ₹110,500
TARGET 3: ₹108,000
STOP LOSS: ₹115,500
Risk Management: Risk only 1-2% of your capital per trade. Adjust position size to maintain discipline.
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