Bitcoin ($BTC /USDT) – Long Trade Opportunity
Bitcoin is consolidating above $116,000 after facing a minor pullback, showing resilience and steady demand from buyers. The chart structure highlights a potential continuation setup, where a rebound from this zone could trigger bullish momentum toward higher levels.
Entry: 116,326
Targets:
Target 1: 117,600
Target 2: 118,800
Target 3: 119,765
Stop-Loss: 114,958
Risk Management: Allocate 3–5% of your capital for this setup and move stop-loss to entry after achieving the first target to protect gains.
Pro Tip: Watch for sustained buying volume above $117,000 — this confirmation could fuel momentum toward the upper targets more aggressively.