🔥 $BTC /USDT – Technical Analysis
Support Zone: Holding above current support; daily close below it would indicate weakness.
Key Support Level: 118,800 – 119,200
Resistance Zone: 119,600 – 120,400 – expected to be retested if bounce occurs.
Market Structure: Still bullish above support; watch for candle confirmation before entry.
Trade Plan:
Entry: On bullish bounce from support (with strong 1H or 4H confirmation).
Stop-Loss: Below 118,800
Targets:
1. 119,600
2. 120,400
3. Extended target: 121,000+ if breakout occurs.
Note: If daily candle closes below support, plan invalidates and short opportunities may emerge.
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