$BTC /USDT Market Pulse: Bulls Testing Strength at $115K!
Bitcoin is holding firm around $114,954, showing a solid +1.33% intraday gain, as the market continues to absorb selling pressure after hitting a 24h high of $116,400.
Market Overview:
After a swift rejection from $116.4K, BTC briefly dipped to $112,901, but strong demand kicked in, pushing price back above $114.9K. The hourly candles show buyers defending short-term support, hinting that momentum may be shifting back to the upside.
Key Technical Zones:
Immediate Support: $114,500 — A critical short-term zone; if sustained, bulls remain in control.
Secondary Support: $113,500 — Strong buyer interest seen from previous bounce levels.
Resistance 1: $116,400 — Intraday top; a breakout here can trigger renewed momentum.
Resistance 2: $118,000 — Major level to watch for trend continuation.
Trading Plan:
Buy Entry: $114,400 – $114,800 (ideal range for accumulation).
Sell/Take Profit: $116,300 – $117,800 range.
Stop-Loss: Below $113,200 to protect against volatility wicks.
Market Insight:
Volume remains healthy (2.53B USDT), and the 5-day moving average (MA5) is trying to cross above the 10-day (MA10) — a potential short-term bullish signal. If BTC closes above $115.2K on the hourly, expect buyers to push for another test of $116.4K and possibly $118K.
Next Move:
Watch for a clean breakout above $116,400 — confirmation here could ignite a move toward $118K–$119K in the next 12–24 hours.
Summary:
Bitcoin remains resilient, with bullish structure intact above $114K. Consolidation looks healthy, and traders should stay alert for a breakout-driven momentum surge.