$BTC / USDT Trade Idea
Bitcoin is holding near $116,650 after pulling back from its record high of $124,000. The market shows signs of a correction, with traders watching macro catalysts like the Fed’s Jackson Hole speech. If support in the $116K–$117K range holds, a rebound toward $123K–$125K looks possible. A stop-loss just below $113K provides downside protection while leaving room for continuation.
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Metric Level/Details
Entry ~$116,650
Target $123,000 – $125,000 (≈6–7% gain)
Stop-Loss ~$113,000 (≈3% downside)
Trend View Holding support, potential rebound if macro sentiment improves
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This setup offers a disciplined 2:1 reward-to-risk ratio, giving exposure to upside while managing volatility.
