Analysis and Recommendation
$BTC /USDT Trading Setup – Key Support Under Testing
Current Price: 120,800.00 | Rs34,234,720 | +0.27%
24-Hour Range: 120,106.02 – 124,474.00
Volume: 25,912 BTC / 3.16B USDT
Market Outlook:
BTC is trading near the lower end of its recent range after failing to hold above resistance at 124,000. The 120,000–120,100 area is acting as immediate support. A break lower could lead to further declines towards 118,800, while a rise could retest the 122,000–124,000 area.
Trading Setup:
Entry (Long): 120,200 – 120,800 on bullish reversal signals
Target 1: 122,000
Target 2: 123,500
Stop Loss: 119,800
Trend: Neutral to Bearish below 120,000; bullish recovery possible if support is maintained with volume confirmation.
Buy and Trade from here
