$BTC Approaching Key Decision Point — Will Bulls Push Through $119K or Face Rejection?
BTC/USDT is currently trading around 118,827, consolidating just below the intraday resistance zone between 118,900 and 119,100. After a strong rally from the 118,000 region, momentum is slowing down slightly, and volume is steady. A breakout or rejection from this level will likely define the next directional move.
Key Technical Levels
• Resistance Zone: 118,900 – 119,100
A confirmed breakout above this range could push price toward the 119,500+ zone.
• Support Zone: 118,400 – 118,000
If the price loses this support, a pullback toward 117,500 or below becomes likely.
Trade Setup
Bullish Scenario
• Entry: Above 119,100 (confirmed breakout)
• Target 1: 119,500
• Target 2: 120,000
• Stop Loss: Below 118,400
Bearish Scenario
• Entry: Below 118,000 (confirmed breakdown)
• Target 1: 117,500
• Target 2: 117,000
• Stop Loss: Above 118,900
What to Watch
• Volume surge near breakout zone
• Rejection candles at or near 119K level
• Trend continuation on 15M and 1H timeframe with strong closing candles
BTC is at a short-term inflection zone. Smart entries will depend on breakout strength or rejection confirmation. Stay sharp and let price lead.
