🚨 $BTC /USDT – Range Bound After Breakdown! 🚨
Current Price: 113,244.35
24H Range: 112,566.01 – 115,548.25
Bitcoin is trading sideways after a steep drop from the 116,980 resistance zone. The price sharply rejected the upper level and fell to a local low of 112,566, showing clear bearish pressure. It is now consolidating near 113,200, hinting at indecision.
📉 Resistance Zone:
🔹 114,287 – 115,548 (heavy supply zone)
🔹 116,980 (major rejection point)
📈 Support Zone:
🔹 112,566 (local bottom)
🔹 112,345 (last defense before deeper drop)
📌 Entry Strategy:
A short position becomes favorable if BTC fails to reclaim 114,000 and breaks below 112,500 with strong volume.
🎯 TP1: 111,800
🎯 TP2: 110,500
🛑 SL: 114,200
💡 Pro Tip: Watch for volume spikes at key levels—especially near 112,500. A clean breakdown with a retest could offer a strong short opportunity.
📊 BTC is currently in a short-term bearish structure. Don’t jump in early—wait for confirmation and protect your capital!