BTC Bearish Setup: Sellers Gaining Control at Key Resistance đ»
$BTC is showing signs of weakness after multiple rejections near the $123,000â$123,500 supply zone. Lower highs are forming on the 1H chart, suggesting a potential pullback towards the $120,000 support.
đ Short Trade Setup:
đč Entry Zone: $121,900 â $122,100
đŻ Target 1: $121,000
đŻ Target 2: $120,300
đŻ Target 3: $119,980
đ Stop Loss (SL): $122,950
If $BTC fails to reclaim the $122,500 level with strong volume, the short-term bearish trend could continue, potentially accelerating toward the $120K zone as sellers take control.