$BTC USD ā SHORT SETUP AFTER REJECTION š
Bitcoin faced a strong rejection near $118,083 after a sharp upward move, forming a bearish candle right at resistance. Price is now trading at $116,884, suggesting sellers are stepping back in to defend the highs.
š Trade Setup (Short)
Entry Zone: $116,880 ā $117,200
TP1: $115,750
TP2: $114,495
Stop Loss: Above $118,085
š Outlook:
Failure to reclaim $117,200 keeps the momentum bearish, with potential for a deeper drop toward $114,500 if $115,750 breaks.