$BTC Resistance Holding – Bearish Move Likely
$BTC has once again rejected the $111,970 resistance zone, forming a potential double top. Price failed to close above this critical level and is now showing signs of reversal.
Trade Setup – BTC/USDT
• Entry: $111,000 – $111,050
• Stop Loss: $114,800
• Take Profit 1 (TP1): $104,000
• Take Profit 2 (TP2): $98,413
• Take Profit 3 (TP3): $98,259
Bearish momentum could intensify if the market fails to break this resistance level. Traders should monitor closely for breakdown confirmation below $110,500.
Smart execution starts with spotting high-probability reversal zones.