$BTC

⚡ Quick Trade Setup

Time Frame Entry Zone Target Price Stop‑Loss

Short‑term Dip near $112K–$114K $118K → $120K Below ~$110K

Swing Breakout above $118K $134K → $146K (cup‑and‑handle) Below $115K

Macro hold Above $120K $146K potential Breakdown below $108K

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🧠 Summary

Neutral to Moderately Bullish near-term as Bitcoin consolidates between $114K–$118K.

Break above $118K–$120K is key for continuation toward $134K–$146K.

Must keep a close eye on support around $108K, with deeper downside targeting $100K if violated.

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📈 Market Overview

Current price: ~$114,735 USD, minimal intraday movement

Recent action: After climbing to new highs near $123K, Bitcoin has pulled back (~5–7%) into the $114K–$118K zone as markets digest momentum

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🔍 Key Technical Highlights

🏁 Chart Patterns & Momentum

Bitcoin broke out above a descending channel, suggesting bullish continuation. Technically, an upside swing target near $146,400 is projected (~32% above breakout)

Fairlead’s Katie Stockton sees a cup‑and‑handle pattern supporting further gains toward $134,500 (~14% upside) $BTC