📉 Bitcoin Daily 📈

🎯 Key Levels to Watch:

• Above: 115686 / 116700 / 117216

• Below: 113170 / 112600 / 111850

🔥 BTC Liquidation Heatmap:

• Above: 116150 / 119010 / 120540

• Below: 111740 / 110625 / 109785

$BTC faced rejection at the July close yesterday. The sell-off volume was offset by this morning’s dip to 113,650, suggesting potential for another attempt to push price above 116k.

However, the bullish factor I noted yesterday—SPX/NDX closing the gap—is now complete. Both indices have closed their gaps and are now poised to drop further, adding uncertainty to the outlook.

New swing entries look viable either on another dip or after BTC finds support above 116k. Currently, this zone doesn’t offer a clear stop-loss for a solid risk-reward trade setup.

⏰ #Bitcoin alarms set for: 116000, 113173 (NY low), 111850 ( W low), Daily 20sma & Quarter VWAP