$BTC
– SHARP DROP TESTING SUPPORT
Bitcoin has slipped from $115,875 to a low of $113,107, now stabilizing around $113,447 with a daily loss of -2.4%. The breakdown from the $115,500 zone shows sellers firmly in control. Immediate support is at $113,100, and losing this level could expose downside toward $112,500 – $111,800. On the upside, bulls need to reclaim $114,200 – $114,800 to regain short-term momentum.
Trade Setup (Bearish Bias):
Entry: $113,400 – $113,800
Target 1: $113,100
Target 2: $112,500
Stop Loss: Above $114,800
With volatility high and market sentiment leaning cautious, traders should watch for either a bounce from support or a clean breakdown to new local lows.