Bitcoin resistance is testing a heavy resistance zone at $112,000–$113,000, where previous supply and key technical levels overlap.
⚠️ On the 4H chart, momentum indicators are flashing overbought signals, while repeated upper wicks suggest buyer exhaustion. If $BTC can’t flip $113,950 into support, a pullback looks likely before the next leg up.
📉 Short Setup:
Entry Zone: $112,000 – $113,000
Targets (TP):
• TP1: $110,200
• TP2: $108,500
• TP3: $106,800
Stop Loss: $113,950
❌ Invalidation:
If $BTC breaks & holds above $114,000 with strong volume, the short idea is invalid. In that case, bulls could push toward $116,000–$118,000.
Stay sharp — this is a key zone for the next move. 🔥
