$BTC Reclaim or Breakdown? Pivotal Zone Test Underway
Bitcoin is trading at $117,822, slightly down -0.77%, after a sharp intraday pullback. Price briefly dipped below $117,650 but bounced with volume support. The structure now sits at a make-or-break level — either a reclaim or further bleed.
Key Levels
• Resistance Zone: $118,050 – $118,350
• Support Range: $117,650 – $117,450
Trade Outlook
Bullish Reclaim:
If BTC reclaims and holds above $118,050:
• Target 1: $118,800
• Target 2: $119,250
• Final Target: $120,000
Bearish Breakdown:
If $117,450 fails to hold:
• Target 1: $116,700
• Target 2: $115,880
• Final Target: $114,300
Order book shows massive bid dominance at 99.18%, indicating potential defense, but follow-through is key. Wait for a decisive move before acting — this zone is the battlefield.