$BTC /USDT – Resistance Still Strong at $117K
#Bitcoin made another attempt to break above $117,000, touching $116,980, but was quickly rejected. Sellers stepped in hard, pulling the price back to around $115,110.
Key Levels
Resistance: $116,500 – $117,000
Support: $114,600 – $115,000
Next downside level: $113,800 if $114,600 fails
Trade Setup
Entry (Long): Only above $117,200 with strong volume
Entry (Short): Below $114,800 confirmation
Targets Downside: $114,000 – $113,800
Targets Upside: $118,500 – $120,000
Stop Loss: Always keep SL 1–2% away from entry
Risk Management
Market is showing heavy rejection at $117K. Avoid oversized positions. Use small leverage (2–3x max) and keep risk per trade under 2%.
Bottom Line
Bears are still guarding $117K strongly. Until bulls close above this zone, Bitcoin may keep testing lower supports.