📊 $BTC /USDT Technical Analysis Update
Bitcoin is trading around $111,180 (-1.47%), showing continued bearish momentum on the 30m chart. After testing resistance near $113,485, price failed to sustain and broke down toward the $111,163 support zone. The repeated red candles indicate strong selling pressure, with bulls struggling to defend key levels.
🔑 Support & Resistance Levels
Immediate Resistance: $112,000 – $112,400 (short-term seller zone)
Major Resistance: $113,000 – $113,500 (24H high rejection)
Support Zone: $111,100 – $111,200 (current test level)
Major Support: $110,800 (next bearish target if breakdown continues)
🎯 Entry Strategy
Traders should watch closely how BTC reacts at the $111,100 support.
A bounce from here could trigger a short-term move back to $112,000 – $112,400.
A breakdown below $111,100 opens room for a fall toward $110,800 or even lower.
⚠️ Pro Tip: Avoid chasing entries in the middle. Wait for either a clear breakout above resistance for a long trade, or confirmation of breakdown below $111,100 for a short setup. Manage stop losses carefully to avoid getting caught in false moves.
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