$BTC USD – BULLISH REVERSAL PLAY AHEAD
#Bitcoin has been under selling pressure, but price is now testing a key intraday support zone around 118,700 – 118,800. Buyers are expected to defend this level aggressively, potentially triggering a strong rebound toward the upper resistance levels.
Trade Setup (Long):
Entry Zone: 118,750 – 118,920
Take Profit 1: 119,425
Take Profit 2: 120,779
Stop Loss: 118,650
Market Outlook:
BTC is sitting at a strong liquidity zone where prior buying momentum kicked in. A bullish reaction here could lead to a swift short-covering rally, especially if volume spikes and price breaks above 119,300. Watch for confirmation candles before entering.