VIP Update | Bitcoin BTC
Bitcoin is currently facing rejection at the descending trendline near $115,500 and is trading in an FVG area on the two-hour time frame. The price shows weakness below the trendline, while the main support is at $113,000 – $113,500 (major demand zone + Bullish OB).
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🔵 Bullish Scenario (Buy)
Entry Zone: $113,000 – $113,500 (upon support holding).
Targets:
1. $115,500
2. $117,000
3. $118,500
Stop Loss: Close below $112,800.
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🔴 Bearish Scenario (Sell)
Entry Zone: Clear break and close below $113,000.
Targets:
1. $112,000
2. $111,000
Stop Loss: Return and close above $113,500.