BTCUSDT – Bulls Attempt a Rebound, But $114.5K Remains the Wall!
BTCUSDT is hovering near $113K, showing a mild recovery from the $112K support zone. However, the VPVR volume cluster between $113.8K–$114.5K is acting as a strong resistance barrier. The MACD is starting to flatten, suggesting potential for a short-term bounce, though overall momentum remains cautious.
Trade Plan
Entry (Long): $112.8K – $113.3K (accumulate near current price or minor dips)
Target 1: $114.2K (key resistance retest)
Target 2: $115.6K (breakout target if momentum continues)
Stop Loss: $111.6K (below support & volume base)
My View
BTC is attempting to stabilize after a sharp pullback, with buyers defending $112K. If price reclaims $114.5K, it could confirm a short-term bullish reversal. Until then, it’s a range play — trade light and wait for confirmation on volume breakout.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always DYOR before trading.
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