$BTC Consolidating Before Next Major Move

Bitcoin (BTC/USDT) is currently trading at $111,139, showing slight weakness with a -0.09% dip. Price action is consolidating between $110,800 and $112,800, with buyers defending the $110,300โ€“$110,800 support range. A break above $112,000 could lead to a retest of the $113,200 resistance level. However, if the support at $110,000 fails, a short-term correction toward $109,000 may follow. Market is in a wait-and-see phase ahead of the next breakout.

Trade Setup:

Entry: $110,800โ€“$111,200

Target 1: $112,400

Target 2: $113,200

Stop-loss: $109,800

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$BTC