$BTC /USDT – Bearish Before the Next Breakout

Support: $116,500

Resistance: $124,290

Fibonacci Levels:

Retracement Status: 61.8% retracement from recent high

Price Zones: $116,500–$124,290

RSI:

Value: 73.21

Interpretation: Indicates that Bitcoin is currently in the Neutral Zone, suggesting that while momentum is strong, it has not yet reached the critical overbought territory .

Entry Zones:

Safer: $116,500–$118,000

Aggressive: $118,000–$119,000

Take-Profit Zones:

TP1: $120,000

TP2: $124,290

Stop-Loss Ideas:

Conservative: Below $116,000

Tight: $117,500