$BTC USDT – MOMENTUM SLOWS BELOW $112K, SUPPORT BEING TESTED
REJECTED NEAR $111,999 – LOWER HIGHS FORMING
PRICE DRIFTING BELOW 7 & 25 MA – WATCHING $110K FOR SUPPORT
$BTC USDT hit a peak at $111,999.79 but has since pulled back, now trading just below short-term moving averages (7 MA: $111,034 & 25 MA: $111,120). Price remains above the 99 MA ($109,917), which could act as key support in case of deeper retracement. Bulls must reclaim $111.2K for upside continuation.
Long Trade Setup:
Entry: $110,700 – $111,000
Targets (TP): $111,800 / $112,400
Stop Loss (SL): $109,800
Sideways consolidation likely unless bulls reclaim control above $111,500 with strength.
#BTCUSDT #Bitcoin #CryptoMarket #BinanceFutures #BTCAnalysis