$BTC /USDT Market Update – Bulls Regain Full Control
Current Price: $117,068.24
#Bitcoin has staged a strong recovery, climbing back to $117,000 with solid buying pressure. Today’s price action shows a clear rejection of lower levels near $114,200 followed by an aggressive breakout towards the $118,500 zone.
Key Levels to Watch
Immediate Resistance: $118,500 – A breakout above this could open the path toward $120,000 and $122,500.
Support Zone: $115,000 – Holding this level will maintain bullish momentum; losing it may trigger a short-term pullback.
Trade Setup
Entry Zone: $118,500 – $119,000 (on breakout confirmation)
Stop Loss: Below $115,000
Target 1: $120,000
Target 2: $122,500
Risk Management
Always risk no more than 2% of your capital per trade. Scale out profits at target levels to secure gains and adjust stop loss to breakeven once Target 1 is hit.
Outlook
Momentum indicators remain in favor of the bulls, and if the buying volume continues, we could see a sustained rally toward the next major resistance zones. The market sentiment is still leaning bullish, and every dip is being aggressively bought up.