$BTC /USDT Trade Setup

Market Insight:

Bitcoin remains range-bound, consolidating between $116,900 and $118,200, with low volatility. The SAR is currently above price at $117,920, indicating short-term bearish pressure. Despite minor intraday weakness (-0.06%), the broader trend remains bullish over 7–90 days, with gains of nearly 9% in the past week and 38.82% over 90 days.

🔹 Entry:

$116,600 – $117,200

(Buy near bottom of range support, slight room below current price for a better risk-reward entry)

🎯 Targets:

Target 1: $118,200 (Range resistance)

Target 2: $118,650 (Next resistance above range)

Target 3: $119,400 (Breakout continuation level)

⛔ Stop Loss:

$116,200

(Below key support and 24h low – invalidation of short-term bullish setup)

📊 Key Levels:

Support: $116,600 / $116,200

Resistance: $118,200 / $118,650

Pivot Level: $117,620 (Current price zone)

💡 Pro Tip:

A clean breakout above $118,200 with volume confirmation could trigger trend continuation. Watch for SAR flip below price and MACD crossover for added bullish confirmation. However, avoid long entries if price breaks and closes below $116,200 — that could signal a deeper retracement.

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