#BTC #Write2Earn $BTC
BTC Trading Outlook
BTC is trading at $113,766, just above the key $113k support. Indicators (contracting Bollinger Bands, negative MACD, RSI ~60) suggest neutral to slightly bearish momentum.
• Key Levels: Failure to hold $113k may trigger a drop toward $112k, and a break below could accelerate downside to $111k.
• Sentiment: Mixed — Trump’s Bitcoin support and Argentina’s adoption are bullish, but rising exchange liquidity from whales signals near-term selling risk.
• Strategy: If BTC fails $113k, consider a light short around $112.5k, with stop-loss at $113.5k and target $111k. Watch ETH/BNB flows for capital rotation signals.
• Macro Watch: Fed policy remains a key driver. Use tight risk management due to high volatility.
Bottom Line: A break below $113k favors short-term downside, though long-term fundamentals stay bullish.