$BTC USDT – LONG TRADE SIGNAL🟢

BOUNCE FROM DEMAND ZONE

BREAKOUT RETEST IN PLAY

Bitcoin has bounced off the key support zone near $118,400 and is forming a bullish engulfing setup on lower timeframes. Price is attempting to reclaim the mid-range resistance at $119,850. If successful, BTC could rally toward the next supply zone.

🔹 Key Technical Levels:

Support Zone: $118,400 – $117,700

Resistance Zone: $120,649 – $121,297

Breakout Level: $119,850

Consolidation Range: $117,700 – $120,600

🔹 Current Price Action:

Price is rebounding after a corrective pullback and forming a base for continuation. A sustained move above $119,850 could trigger strong upside momentum.

🔹 Trade Setup:

• Entry Point: $119,200 – $119,400

• Stop Loss: $118,414

• Take Profit 1: $120,649

• Take Profit 2: $121,297

• Margin: 2–3% of wallet

• Leverage: 10x

📈 Market Outlook:

BTC is showing signs of strength after reclaiming key intra-day levels. Continuation to the upside is likely if bulls hold $119,000. Watch for volume confirmation near $119,850. $BTC

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