🚨 $BTC Testing Key Resistance Trendline
Bitcoin 1H Chart:
$BTC is currently trading around $113,069, moving under a descending trendline after a strong corrective drop.
Price is approaching the $113,800 – $114,500 supply zone, which aligns with the trendline resistance.
Traders should wait for a bearish rejection from this zone before considering fresh downside moves.
If rejection occurs, BTC could revisit the $112,300 – $112,000 demand zone.
A clean breakout above $114,500 would invalidate the bearish structure and open the door to $115,800.
⚡️ Momentum:
Short-term structure remains bearish as long as the descending trendline holds.
Momentum flips bullish only if price sustains above $114,500.
🎯 Key Levels to Watch:
Support: $112,300 → $112,000
Resistance: $113,800 → $114,500
📌 Trade Idea (Scalp/Intraday):
Short Setup: Watch for bearish confirmation near $113,800 – $114,500
Target: $112,300 → $112,000
Invalidation: Break above $114,500
