🚨 $BTC /USDT Market Analysis & Trading Signal 🚨
Current Price: $118,156
24H Change: -1.69%
24H High: $120,455
24H Low: $116,812
🔍 Market Insights
Bitcoin is showing slight weakness after failing to sustain above $120,000. The price is consolidating between $116,800 support and $120,500 resistance. A break of either side will define the next major move.
Key Resistance: $120,500 – $121,200
Key Support: $116,800 – $116,600
Trend: Sideways to mild bearish in short term, but bullish if $120k is reclaimed.
📈 Trade Plan
✅ Long Setup:
Entry: $117,800 – $118,200
Target 1: $119,500
Target 2: $120,800
Stop Loss: Below $116,600
🚨 Short Setup:
Entry: If price breaks below $116,800
Target 1: $115,500
Target 2: $114,000
Stop Loss: Above $118,000
⚡ Summary
If BTC holds $118k and reclaims $120k, expect bullish momentum towards $122k.
A break below $116,800 opens room for deeper pullback to $115k.
📊 Next Psychological Levels:
Upside: $122,000 – $125,000
Downside: $114,000 – $110,000
