#Bitcoin briefly broke above $118,800 but quickly gave back gains, moving into choppy sideways action before a mild pullback. The price is now holding slightly above the $118,000 level. A drop below this zone could trigger a deeper correction toward $117,600. For bullish momentum to resume, buyers need to reclaim the $118,500+ area.
Trade Setup (Short Bias):
Entry: $118,150 – $118,300
Stop Loss: Above $118,600
Target 1: $117,800
Target 2: $117,600
Target 3: $117,250