$BTC Quick Pullback Setup in Play
Bitcoin is cooling off after reaching $123,214, currently pulling back toward the $118K zone. On the daily chart, price action reflects healthy consolidation following a strong upward move, with moving averages still pointing higher. The setup is shaping up for either a continuation or a deeper retracement.
Trade Plan:
Entry Zone: $117,800 – $118,300
Stop Loss: $115,700
Target 1: $120,500
Target 2: $122,500
Target 3: $125,000
Watch for a bounce off the 10-day moving average and a reclaim of the $119,500 level to signal potential bullish momentum. A noticeable increase in volume will be key for confirming a push higher. Keep risk managed and tight.
