$BTC Bearish Rejection at Resistance Zone {spot}(BTCUSDT)
Bit_Guru
Updated at: 5 hours ago
{"content":"$BTC Bearish Rejection at Resistance Zone
{spot}(BTCUSDT)
Bitcoin attempted a recovery but faced strong rejection near the $115,800 resistance zone, aligning with a previous support-turned-supply area. The price action shows a clear bearish divergence with RSI weakening near 46, indicating loss of momentum. Unless BTC reclaims the $116K zone with strong volume, more downside toward $112,000 support is likely in the short term.
Trade Setup:
Entry: $113,800 – $114,300
Stop Loss: $116,100
Target 1: $112,500
Target 2: $111,800
#BitcoinTreasuryWatch #CFTCCryptoSprint #BTCUnbound #TechnicalAnalysis ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/05/3b661053f3cd4911bdfdf4783ea4fc1e.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}