$BTC USDT – DRAWING DOWN AFTER SWING REJECTION

$BTC faced rejection near the $117,630 high, forming a short-term lower high and showing signs of exhaustion. The current price hovers around $116,587 with a clear struggle to reclaim momentum, hinting at a potential drawdown phase.

📉 Market Observations:

Sharp wick rejection from $117,630

Price failed to hold above $116,850 short-term zone

Lower support seen near $115,630 and $115,100

🧭 Outlook:

If $BTC loses $116,400 support on high volume, drawdown toward $115,100 becomes likely. Only a reclaim above $117,000 would invalidate this retracement bias.

Comment "BTC cooling off?" if you're watching the dip scenario unfold.

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