$BTC Quick Outlook – Rebound or More Downside?
Bitcoin faced rejection after testing the $118,500–$119,000 range, triggering a sharp drop near $116,000. However, the price is showing early signs of recovery on the 15m chart. If BTC holds above $116,000, a bounce toward $117,200 and $118,000 is possible. But if it breaks below $115,700, expect further downside.
Trade Setup:
Entry: $116,200 – $116,400
TP1: $117,200
TP2: $118,000
Stop Loss: $115,700