Market Update on $BTC /USDT
Bitcoin (BTC) is currently trading at 113,269.10 USDT, marking a -2.69% decline over the past 24 hours. The leading cryptocurrency has moved within a 24-hour range of 112,732.58 (support) to 116,725.69 (resistance), reflecting heightened volatility and active participation. With a massive 24-hour trading volume of 17,972.52 BTC (~2.05B USDT), liquidity remains strong, though selling pressure is visible through consecutive red candlesticks on the Binance chart.
From a technical perspective, BTC is holding near its 112,700 support zone, a critical level that buyers must defend to prevent deeper corrections. A sustained bounce could see BTC retest resistance levels at 115,500 โ 116,700 USDT, while failure to hold above support could trigger a slide toward 110,500 โ 111,000 USDT. Traders should approach with caution, favoring short-term scalping and range-bound plays, while keeping tight stop-losses below 112,500 to manage risk. For swing traders, confirmation above 116,000 would be key for bullish momentum, while breakdowns below support may invite short setups.
