๐ Current Price: $113,709
๐ Key Levels
Support Zone: $111,900 โ $112,300 ๐ก๏ธ
Resistance Range: $116,800 โ $119,500 ๐
๐ฎ Market Outlook
Bullish Scenario ๐๐ฅ
If #BTC manages to stay above the $112,000 support, a rally toward $116,800 and potentially $119,500 becomes highly likely.
โก๏ธ Futures traders may consider long entries with a stop-loss at $111,900.
Bearish Scenario โ ๏ธ๐
A breakdown below $111,900 could trigger further declines, targeting $109,500 โ $108,000.
๐ก Trading Insights
Spot Investors: BTC is sitting on strong supportโthis zone offers a favorable accumulation opportunity ๐ช.
Futures Traders: The safer long entry is only after BTC confirms a bounce above $114,000 โ .
๐ Final Note
Bitcoin continues to prove itself as a long-term winner. Every dip historically has turned into a golden buying opportunity. ๐๐ฅ
โ @Binance Square Official