$BTC /USDT Breakout Watch Above 120K
Current Price: 119,293.45
Trend: Bullish bias developing after holding key support at 118,050.
Market Structure: Higher lows forming, price consolidating just under 120,000 resistance.
Entry Zone: 119,200 – 119,500 (prepare to enter on confirmed breakout above 120,000)
Stop Loss: Below 118,700 to limit downside exposure
Targets:
• TP1: 120,200
• TP2: 120,800
• TP3: 121,500
Trade Insight:
BTC is testing a critical resistance zone at 120,000. A decisive break above this level, backed by strong buying volume, could trigger a sharp rally toward the 121,500 mark. Momentum traders should monitor price action closely for breakout confirmation.