$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
