#BTC Chart is setting up too clearly 📊

Strong resistance at 117K – 120K (Fib 0.62 – 0.79) 🚨

☘️ Resistance zone:

• From about 117,900 – 120,900 USDT (coinciding with Fib 0.62 – 0.79).

• This is a price area that is likely to be heavily sold off, as it was previously a distribution zone.

☘️ Support zone:

• Near 107,200 USDT (Fib 0).

• If it breaks down further, the farther target is the area of 95,600 USDT (green box).

☘️ Current trend:

• Price is around 115K, testing the lower edge of resistance (Fib 0.5 ~ 115,200).

• Currently in a recovery phase but in a zone that is easy to short.

☘️ Short strategy (according to this chart):

• Entry: around 117K – 120K.

• SL: above 124,500 (previous high).

• TP: around 107K – 95K.