$BTC /USDT – Key Trade Setup at $121.7K
Bitcoin is holding above $121,600, showing resilience after testing the $124,474 high earlier. Buying momentum is still present, but overhead resistance is heavy near $124.5K.
Long Setup:
Entry: $121,500 – $121,800 (pullback zone)
Target 1: $122,800
Target 2: $124,400
Stop Loss: $120,800
Short Setup (if rejection at $124.5K):
Entry: $124,200 – $124,500
Target 1: $123,000
Target 2: $121,800
Stop Loss: $125,200
Sustained strength above $124.5K could open the door to $126K+, while failure to break could spark a retest of $120K.