๐จ $BTC /USDT โ Bearish Pressure Setup
Bitcoin continues to face selling heat, now trading near $113,768 (-1.05%), slipping closer to its intraday low of $113,477 after multiple failed attempts to reclaim the $114.9Kโ$115K resistance zone.
๐ Technical Overview:
Momentum indicators remain weak โ the 7-MA and 25-MA are bending below the 99-MA, signaling that short-term sentiment still favors sellers. Bulls are struggling to defend intraday supports, while volume momentum remains subdued.
๐น Support Zones:
$113,470 โ $113,200
$112,800 โ $112,500 (next major demand area)
๐น Resistance Zones:
$114,070 โ $114,300 (intraday hurdle)
$114,900 (key reclaim level for bulls)
๐ Trend:
Bearish bias persists with fading bounce strength โ each recovery attempt is being capped by active sellers around $114K+.
๐ฏ Trade Setup:
If BTC holds above $113,470, expect a technical bounce toward $114,000โ$114,300.
Break below $113,470 could trigger the next wave down toward $112,800โ$112,500.
โ ๏ธ Bias:
Stay short-biased while price remains under $114,900. A decisive reclaim and hold above that zone, backed by volume, would shift the short-term outlook to neutral-to-bullish.