š $BTC /USDT Analysis ā Strong Reversal from Local Bottom
Current Price: $113,671.22
24H Low: $111,920.00
24H High: $113,914.25
Volume (24H): 11,198 BTC | $1.26B USDT
Bitcoin has rebounded sharply from $111,920, forming a clean V-shaped recovery on the 1H chart. Buyers stepped in aggressively, flipping short-term momentum bullish. Price is consolidating near resistance at $113,900, hinting at potential continuation.
š Technical Overview:
Support Zone: $112,750 ā $112,000
Resistance Levels: $113,900 ā $114,200 ā $114,650
Trend Bias (1H): Bullish Momentum
RSI: Neutral-to-Positive (watch for overbought signs above $114K)
š Trade Signal ā Long Setup:
Entry Range: $113,300 ā $113,700
Stop Loss: Below $112,600
Target 1: $114,200
Target 2: $114,650
Target 3: $115,400 (if breakout is strong)
š” Trading Insight: A breakout above $113,900 with volume confirmation could ignite another leg higher. If BTC fails to hold $113,300, expect a pullback toward $112,750 for re-entry opportunities. Tight risk management is key in current volatility.
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