BTCUSDT – Selling Pressure is Increasing

6月16日

The price is retesting a strong resistance zone around 110,464 USDT, where heavy selling pressure previously emerged.
The likely scenario is that the price forms a Lower High pattern and then breaks the uptrend line → confirming a bearish trend.
Potential support area: 101,236 USDT, where price previously reacted.

Strategy:
Priority is to wait for sell opportunities around the 110,000–110,500 zone if a clear reversal signal appears.
Target at 101,200 USDT. Stop-loss placed above the resistance zone at 111,700 USDT.

News Supporting the Bearish Outlook:
The SEC has delayed approval of the spot Ethereum ETF, triggering negative sentiment in the crypto market.
Capital is flowing out of the market due to expectations that the Fed will maintain high interest rates for a longer period.

6月17日

交易進行