Quick Overview – Recovery or Further Decline?$BTC
Bitcoin faced rejection after testing the $118,500–$119,000 range, leading to a sharp decline near $116,000. However, prices are showing early signs of recovery on the 15-minute chart. If BTC maintains a level above $116,000, a bounce towards $117,200 and $118,000 may be possible. But if it drops below $115,700, expect further decline.
Trade Setup:
Entry: $116,200 – $116,400
TP1: $117,200
TP2: $118,000
Stop Loss: $115,700