Support Zone: 114,000 – 115,000

  1. This zone is currently acting as a strong support area.

  2. In previous price action, BTC bounced from this region, confirming it as a valid demand zone.

  3. If the market maintains a bullish structure, a reversal from this zone is highly possible.

Resistance Zone: 117,000 – 118,500

  1. This zone is where sellers are likely to become active.

  2. However, if a strong breakout occurs, price may quickly move beyond 117K, aiming for the next key target at 124K.

Bullish Invalidation Level: 113,500

  1. If the price breaks below 113,500, the bullish setup becomes invalid, and further downside can be expected.

Summary

BTC is currently ranging between the support at 114K and resistance at 118.5K. A bounce from support could trigger a move toward 117K and potentially 124K. However, if 113.5K is broken, this bullish idea will no longer hold.

DYOR

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