$BTC is now testing the 111,800 โ 112,200 resistance area, which previously acted as a strong supply zone.
Price already showed multiple rejections here โ indicating selling pressure is active ๐ด
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๐น Key Levels:
โข Entry Zone: 111,500 โ 111,800
โข Target (TP1): 110,700 โ 110,400
โข Stop Loss: Above 112,200
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๐ Analysis Summary:
$BTC is facing resistance at the top after a sharp upward move.
If it fails to break and close above 112,200, a correction toward 110,700 is likely.
Good setup for short scalpers โ but always use a stop loss โ ๏ธ
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โ๏ธ Bias: Bearish (below 112,200)
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๐ท๏ธ #BTCUSDT #Bitcoin #CryptoAnalysis #PriceAction #BinanceFeed