Update on Targets
### Analysis of Support and Resistance Levels
*Resistance Levels**:
- Major Resistance: 123,000
- Medium Resistance: 120,000
- Near Resistance: 118,500
*Support Levels**:
- Near Support: 117,000
- Medium Support: 116,000
- Strong Support: 107,500
### Summary
The BTC/USDT pair shows a corrective pattern after a strong rise from the 107,500 level to 123,213. Technical indicators show a slowdown in bearish momentum with potential signals for stabilization. Traders may consider buying near the support level of 117,000 with a stop-loss placed below 116,000. However, caution should be exercised regarding the possibility of continued correction if the price breaks below the 116,000 level. Always remember to manage risk and do not invest more than you can afford to lose in the volatile cryptocurrency market.
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