๐ $BTC Analysis & Trade Setup โ Sideways Pressure After Rejection
$BTC is currently trading around $114,970 after failing to hold above the $115,600 resistance. The 15-minute chart shows a slowdown in momentum with lower highs forming, suggesting a possible retest toward $114,600โ$114,400 support. If that level holds, we may see a bounce. However, a breakdown below $114,300 could trigger further downside. Watch for a breakout above $115,200 for bullish confirmation.
Trade Setup:
โข Entry (Long): $114,600 โ $114,800
โข Stop Loss: $114,300
โข Target 1: $115,200
โข Target 2: $115,600
โข Entry (Short): If BTC breaks below $114,300