$BTC /USDT UPDATE
Trade Idea: Short
Leverage: 5x–20x Your Choise
Entry Zone: $120,000 – $121,000
Stop Loss : $122,000
Targets:
TP1: $118,000
TP2: $116,000
TP3: $114,000
Stop Loss : $122,000
Bitcoin is currently experiencing a minor retracement into the Fair Value Gap (FVG), which could act as a short-term demand zone if bulls defend it. The price is consolidating after a recent rally, now trading around $119,006. The 1-hour chart shows the price hovering near the 99-MA, signaling a potential make-or-break moment for short-term traders.