📊 $BTC /USDT – Market Outlook & Trading Strategy
Current Price: $114,998 🔻
24h Change: -3.08%
24h Range: $114,116 – $118,879
24h Volume: 22,901 BTC | 2.67B USDT
📉 Market Analysis:
Bitcoin is showing signs of short-term exhaustion after failing to hold above the $118,000 resistance zone. The sharp rejection and increasing selling pressure have pushed the price back toward $115K, with $114,116 acting as immediate support. This drop aligns with the broader market cooling off after a strong bullish rally.
Momentum indicators are showing weakness on lower timeframes (15m–1H), and buyers are cautious. If BTC breaks below $114,000 with volume, a further slide toward $111,500 or even $109,000 may follow.
🛠️ Trading Plan – Bearish Setup (Short Bias):
🔻 Short Entry: $115,400 – $116,000
🎯 TP1: $113,200
🎯 TP2: $111,500
🛡 Stop Loss: $116,900
📉 Confirmation: Enter only after rejection near $116K zone with falling volume.
🔁 Alternative Long Setup – If Price Holds Key Support:
If BTC consolidates above $114,000 with rising volume, it may bounce.
🔼 Long Entry: $114,200 – $114,800
🎯 TP: $117,000
🛑 Stop Loss: $113,500
📈 Bias: Scalp long with tight SL only if support confirms strength.
📌 Outlook:
Market remains uncertain in the short term, leaning slightly bearish unless BTC reclaims $117,500 with momentum. Watch for macro news and volume surges.
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