$BTC /USDT is currently at $118,555.43, showing a slight recovery after bouncing from the low of $117,527.65.
š Short-Term Price Direction: Up (mild bullish move)
Here's why:
The last few green candles show higher lows and higher highs, indicating upward momentum.
Price bounced from near the 24h low ($117,453.57) and is now approaching resistance around $118,864.
Volume is moderate but not explosive, so the move is cautious rather than aggressive.
š§ Summary:
Immediate trend: Mildly bullish
Resistance: ~$118,864 ā $119,538
Support: ~$117,527 ā $117,000
If price breaks above $119K with volume, expect stronger upside continuation.
If it fails to hold above $118K, a retest of $117K is possible.
