$BTC
Market Direction: Sideways to bullish with clear supply pressure around current prices.
Strong Support Areas:
- 115,000: A level from which the price has bounced multiple times.
- 112,000:A strong support level with clear liquidity concentration.
Resistance Areas:
- 120,500:A clear liquidity distribution level with repeated bearish reactions.
- 123,000:*A very strong resistance zone.
Suggested Trade:
- Entry:Buy in the 115,500 - 116,000 zone with a reversal signal.
- First Target:120,500
- Second Target (if breakout occurs): 123,000
- **Stop Loss:** Clear close below 114,000
Choose the entry moment carefully after clear buying liquidity appears or a false breakdown of support.
