$BTC /USDT TRADE ANALYSIS
Based on the chart from the image, BTC/USDT Perpetual is currently trading around $111,349.1. The price recently bounced up from a short-term low of $111,200.0, indicating immediate buying interest in that area.
Potential Resistance (Target Points):
TP1 (Near-term resistance): The recent high of the immediate bounce at approximately $111,460 could be tested.
TP2 (Recent Swing High): The peak of the previous swing was marked at $111,866.7, which is a key resistance level.
TP3 (24h High): The 24-hour high of $111,903.9 is the next major target.
Potential Support (Stop Loss):
Stop Loss: To manage risk, a stop-loss could be placed just below the recent swing low of $111,200.0 (e.g., at $111,180.0).
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