Bitcoin is showing signs of resistance near the 117,000 level, where price has repeatedly rejected upward moves. Momentum indicators suggest slowing bullish pressure, opening the possibility of a short-term correction.
Key Levels :
Sell Entry: 117,000
Take Profit: 115,000
Stop Loss: 118,500
Reasoning:
The entry is placed near resistance, where sellers are active. Stop loss is kept just above resistance to limit risk in case of breakout. The take profit aligns with the next support level, making it a logical target in this swing setup.
Disclaimer: This analysis is for educational purposes only and not financial advice Always trade at your own risk.
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